In the scandal of missing billions at the Dax group Wirecard, the Munich public prosecutor's office is now investigating suspicions of unfaithfulness against former CEO Markus Braun and other managers. This reported the Süddeutsche Zeitung , citing "Findings from investigators" and "Investigation documents". Accordingly, it is about the accusation that triple-digit millions of Wirecard accounts flowed to companies in Asia and Mauritius.
The prosecutor's office did not want to confirm the report. "We continue to investigate Mr. Braun and possible accomplices for all possible offenses," it said.
Wirecard had admitted in June that company funds booked in Asian trust accounts very probably do not exist. It was known that the alleged manipulations go back many years, but so far no specific start date from which the investigators assume. As the Süddeutsche writes, the alleged manipulations should have started in 2014 at the latest.
Germany as "playground for financial acrobats"
In addition to Braun, a key figure is Jan Marsalek, who was formerly responsible for day-to-day business on the Wirecard board. His trail was lost in the Philippines a good ten days ago. The public prosecutor has made public that it is investigating Braun, Marsalek and others because of suspected incorrect information and market manipulation.
Due to possible omissions in the financial supervision in the case, the Federal Ministry of Finance says that it is now working on a concept to revise the responsible authorities. It will be presented as soon as it is finished, a spokeswoman for the ministry said. This should be the case in the next few days.
The SPD chairman Norbert Walter-Borjans called in the Handelsblatt for a reform of the financial supervision, which must be "more innovative and powerful". The head of the SPD also called for consequences for the large accounting firms: "We need control that is actually independent of the Big Four." Big Four are the four major accounting firms Deloitte, KPMG, EY and PwC. EY had checked the balance sheets at Wirecard. The company is now faced with lawsuits and threats from angry shareholders because the alleged tampering was not noticed earlier.
Germany's rank as "money laundering paradise and playground for financial acrobats" does not only damage the image as a financial center, Borjans told the newspaper. "It also causes billions in damage."