The federal government has shown itself alarmed by the events at the insolvent payment service provider Wirecard . “This is a worrying case,” said government spokesman Steffen Seibert on Friday in Berlin. “Because companies and financial markets have to work properly.”
Payment service provider Wirecard filed for bankruptcy on Thursday. The background is a suspected scandal involving balance sheet fraught amounting to 1.9 billion euros. The accounting firm EY, which audited the 2019 financial statements, assumes serious crime on a global scale.
It is now up to the Munich public prosecutor to clarify, among other things, whether there has been any fraud. “And of course it has to be about averting damage to the German financial center as a whole,” said Seibert. “That is why weaknesses in the control mechanisms, where they emerge, must also be remedied.”
A spokeswoman for the Federal Ministry of Economics emphasized: “From our point of view it is also clear that we need quick and comprehensive information here.” The Ministry also sees the accounting firms as responsible. “Of course, they have to recognize errors in balance sheets at an early stage and if that went wrong, they must also actively help to work it up.”
On the previous evening, Finance Minister Olaf Scholz (SPD) had already announced that regulation would be tougher and announced that he wanted to review the supervisory structures. “The Wirecard AG case is a scandal that is unparalleled in the financial world,” said Scholz on Thursday in Berlin. “We also have to rethink our supervisory structures.” His ministry should develop a concept for this in the coming days.
Overwhelmed Indian Hospitals reject Covid 19 Patients
India is now the country with the fourth most corona infections and the country’s healthcare system is collapsing under this...
Shutting down India’s red-light districts won’t contain coronavirus
Closing brothels in India would be a grand but empty gesture. It will only hide the state’s abandonment of migrants...
High number of new Covid-19 Infections in India again
Despite the almost two-month curfew, India once again reports a daily record for infections with the corona virus. The Ministry of...
The Bizarre Life of Jan Marsalek, the Number 2 at Wirecard – Eating Sushi from a naked woman’s body
The name Jan Marsalek now stands for one of the largest economic scandals in Germany. With Wirecard AG, he managed to...
Wirecard Shares on the way of Becoming a Penny Stock !
Wirecard has filed for bankruptcy and the business, or what is left of it, practically belongs to the creditors. Nevertheless,...
Jan Marsalek Ex-COO of Wirecard AG – Catch me if you Can
Jan Marsalek, former Wirecard board member and COO, is sought worldwide and should be on EUROPOL and INTERPOL during this...
Deutsche Bank is considering taking over Wirecard Bank
At the beginning of the week it still looked as if Wirecard’s Bank would also go into bankruptcy because too...
Thousand’s of Payoneer Mastercard Holders still Affected by Wirecard UK and can’t Access their Funds in Pakistan Bangladesh & Balkan countries
Many of Payoneer’s millions of Freelancers have their freelance work paid into the card account, which is easier to open...
Singapore extends investigation into Wirecard Scandal with Citadel & Senjo Group
After IsaanLive reported last Thursday extensively on the Round-Tripping with Senjo Group based in Singapore, the Singapore authorities are expanding their...
Wirecard : The Indian Round-Tripping Scam by COO Jan Marsalek
Was Wirecard’s Indian acquisition deliberately structured to generate round-trip profits through EMIF? Key questions about about Wirecard’s Indian business and...
Wirecard Round-Tripping Scam with Singapore & Luxembourg Companies
As we’ve been searching for where Wirecard’s MCA business is (and the bulk of it looks not to be in...
Wirecard’s Merchant Cash Advance Scam in Brazil & Turkey
In November 2018 Wirecard claimed it had launched a new Merchant Cash Advance (MCA) Product and in both May and...
Ex-Wirecard COO Jan Marsalek is wanted in Manila – Could he be in Mindanao Hiding?
Jan Marsalek, may be hiding in the Philippines. The COO had been fired last week and was responsible for day-to-day...
The Fall of Wirecard, Fraud, Round-Tripping, Money Laundering and the Web of Lies
It is not the first time, now in Germany, already back in 2017 they conducted the same schemes in Singapore...
Six Wirecard subsidiaries file for Bankruptcy – Balance Sheet Fraud has been going on since 2014
The Wirecard balance sheet scandal seems to be taking on ever larger dimensions. According to a media report, the management team...
English Premier League
|17||West Ham United||31||27|
|20||Norwich City F.C.||31||21|