2 years ago
BERLIN (AP) — Germany’s finance minister on Tuesday unveiled plans to strengthen the country’s financial supervisory authority following the accounting scandal at payment systems provider Wirecard, promising that the agency will gain “bite.” Olaf Scholz’s ministry had announced on Friday that regulator BaFin’s president, Felix Hufeld, was stepping down to […]
2 years ago
By Huw Jones and John O’Donnell LONDON/FRANKFURT (Reuters) – Germany failed to do enough to avert the Wirecard fraud, the European Union’s markets watchdog said on Tuesday as it delivered a highly critical verdict on the country’s handling of its biggest post-war corporate scam. Wirecard’s former Chief Executive Markus Braun […]
2 years ago
Frankfurt am Main (AFP) – Germany’s finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs. Wirecard filed for insolvency last month after admitting that 1.9 billion […]
2 years ago
2020 07 09T000000Z_470162734_RC2LPH9XW46N_RTRMADP_3_WIRECARD ACCOUNTS COLLAPSE.JPG Reuters Wirecard’s former chief executive Markus Braun has been rearrested in Munich as German prosecutors dug deeper into allegations of fraud at the fintech firm. Two other executives — revealed by the Financial Times as Wirecard’s former finance boss, Burkhard Ley, and Stephan von Erffa, […]
