Connect with us

News

Irish Police Raid Wirecard’s Dublin Offices

wirecard1000x6009

The investigation into Wirecard AG, the German electronic payment transfer company, has expanded to Ireland and should soon hit Wirecard UK’s office in Newcastle.

The Irish Times reported the company’s Dublin offices were raided by police at the request of German authorities.

“Following receipt of a mutual legal assistance treaty from German authorities, the Garda National Economic Crime Bureau (GNECB) began a search under warrant at a financial services provider with a business premises in Dublin city centre today, Thursday, July 9,” the GNECB press office said in a statement .

A spokeswoman for An Garda Siochána, or “the Guards” the national police service of the Republic of Ireland, declined to name the financial services firm but it is clear that it’s the Irish subsidiary of Wirecard AG in Dublin.

“Detectives attached to the Garda National Cyber Crime Bureau are assisting GNECB during the course of the searches, which are being conducted in an effort to obtain evidence concerning alleged fraud at the financial institution and its subsidiaries.”

Once a $28 billion financial technology giant, the company declared insolvency last month, the equivalent of a bankruptcy filing in the U.S., reporting it was in debt to the tune of nearly $4 billion after it revealed $2.1 billion went missing from two Philippines banks that Ernst & Young said was the result of a sophisticated global fraud.

In addition, German law enforcement authorities said they have added money laundering, balance falsification and market manipulation to the charges facing the collapsed firm.

“We are investigating suspected money laundering,” a spokeswoman for the Munich prosecutor’s office said in a statement.

The inquiry is focused on Wirecard executives. She declined to name the individuals, or to say how many were being probed.

Wirecard declined to comment on the investigation and reports of the raid of its Dublin office.

This week, Wirecard executive Oliver Bellenhaus, 46, was arrested in Munich for his alleged central role in the massive worldwide fraud case that he managed out of the Burj-Kaliffa. He managed Wirecard’s CardSystems Middle East, the largest individual unit under Wirecard.

Former CEO Markus Braun was arrested and later released last month on bail.

How useful was this post?

Click on a star to rate it!

Average rating 4.1 / 5. Vote count: 49

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

Latest Articles

chinagermanphd1000x600 chinagermanphd1000x600
Germany2 days ago

Chinese Guest Scientists in Germany are often Members of the Chinese Military PLA

China has long overtaken the United States as the leading nation in the number of scientific publications. In the list...

xitop xitop
Hong Kong2 days ago

Why does Beijing Risk Hong Kong’s Future as a Global Financial Center?

The new security law which punishes criticism of Beijing, is a threat to the financial center and the beginning of...

xiwuhanvirus4 xiwuhanvirus4
Hong Kong2 days ago

Tony Chung : First Arrests under new Security Law in Hong Kong

The former leader of a student group in Hong Kong has been arrested – 19-year-old Tony Chung is accused of...

Austria Austria
Austria4 days ago

Greed won – Ischgl in Austria has become Europe’s coronavirus breeding ground

Austria’s authorities have long failed to respond Many infections with the corona virus in Europe are said to be due...

coronavirus-vietnam1000x600 coronavirus-vietnam1000x600
Coronavirus4 days ago

Vietnamese city Da Nang flies 80,000 people out after 4 Corona Infections

After 4 new corona infections in the coastal city of Da Nang, the Vietnamese authorities let 80,000 people fly out of the metropolis. Most...

St. Wolfgang1000x600 St. Wolfgang1000x600
Austria4 days ago

Corona Infection Numbers in St. Wolfgang continue to rise

The number of corona infections in the tourist town in St. Wolfgang in Upper Austria has risen by eighteen to...

abtwerp1000x600 abtwerp1000x600
Belgium4 days ago

Belgium Significantly Tightened Corona Measures

Infection numbers in Belgium are increasing strongly again and the government has announced stricter contact restrictions to prevent another lockdown. As of...

Huaweimamibia1000x600 Huaweimamibia1000x600
Africa5 days ago

Corruption allegations in Namibian 5G deal with Huawei

A city councillor in Namibia’s capital has alleged she was offered a bribe by a local politician to ensure Chinese tech...

ussronaldreagon1000x600 ussronaldreagon1000x600
Australia5 days ago

Australia sent letter to the SG of the United Nations, refuting China’s sovereign position in the South China Sea

Australia stated to the United Nations that China’s sovereignty position in the South China Sea is not in conformity with...

presidentofestonia1000x600 presidentofestonia1000x600
News5 days ago

Eastern Europe changes its attitude towards Beijing

While Beijing vigorously promoted the 17+1 mechanism between China and Central plus Eastern Europe and actively implemented the One Belt...

alibabaofficebeijing alibabaofficebeijing
India5 days ago

Alibaba and Jack Ma summoned by Indian Courts to respond to Complaints

Court documents show that an Indian court issued subpoenas to more than a dozen individuals and companies including Chinese Internet...

Dickson Yeo1000x600 Dickson Yeo1000x600
News6 days ago

Singaporean pleads Guilty to Spying for China in the United States

A Singaporean man recently pleaded guilty to spying for Chinese intelligence services, the US Department of Justice announced Friday. The...

marsalek1000x600 marsalek1000x600
Germany1 week ago

Jan Marsalek, from a School Dropout to the Number 2 at Wirecard

Marsalek came to Wirecard at the age of 20. The tech-savvy school dropout had caught the interest of the Wirecard management...

grenadapassport1000x600 grenadapassport1000x600
Germany1 week ago

Breaking News : Jan Marsalek possible citizen of the Caribbean Island of Grenada with a New Name

According to German Intelligence sources, Jan Marsalek – an Austrian and former COO of Wirecard might carry a Diplomatic passport...

Germany1 week ago

Thanks to Wirecard Erotic Massage Services move to MyDirtyHobby, Pornhub & Big7

Massage Studio’s are moving to the Virtual Online Space thanks to Wirecard’s Bank and some porn portals registered in Cyprus,...

wirecard1000x600 wirecard1000x600
Germany1 week ago

Three new arrest warrants issued in the Wirecard Scandal

The public prosecutor has made great progress in investigating the Wirecard balance sheet scandal. Accordingly, the group has been in the...

masksallrubbish masksallrubbish
Coronavirus1 week ago

German Transport Minister Scheuer “Eleven million masks, all junk from China”

Medical protective material is currently a scarce commodity worldwide and that is why the procurement of FFP2 masks for Germany...

heikomaas1000x600 heikomaas1000x600
News1 week ago

Germany Announces Response to China’s Hong Kong Security Law

German Foreign Minister Heiko Maas, visited his British counterpart Dominic Raab in London on Wednesday. If necessary, Germany would implement...

Advertisement

Trending Now