Wirecard scandal: the Federal government wants to terminate the contract with the balance police

The Federal government draws a first consequence of the fraud scandal surrounding the now former Dax-listed company Wirecard. The Federal judiciary and the Fede

Wirecard scandal: the Federal government wants to terminate the contract with the balance police

The Federal government draws a first consequence of the fraud scandal surrounding the now former Dax-listed company Wirecard. The Federal judiciary and the Federal Ministry of Finance will terminate according to information from the "Bild am Sonntag" next Monday the Treaty between the Federal Republic of Germany and of the German financial reporting enforcement panel (DPR). This private, legally-organized Association controlled by the state order, the balance sheets and has failed in the case of Wirecard, according to the ministries.

The German Federal financial Supervisory authority (Bafin) had given a DPR in February 2019, with the note that there were inconsistencies in the half-year balance sheet 2018 of Wirecard. The DPR is not to be investigated, the suspicion of manipulation but. Only in may of this year, Bafin asked again in the DPR. These announced and an interim report for July.

Updated Date: 27 June 2020, 19:19

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