Days before the stock exchange crash of the payment service provider Wirecard, inside information is said to have been published in an online forum, according to which there were problems with the balance sheet check by the company EY. The financial regulator BaFin has informed the Munich public prosecutor's office, which is investigating the case. A spokeswoman for the supervisory authority thus confirmed a Handelsblatt report.
According to this, a user wrote in a stock exchange forum eight days before the Wirecard crash that the auditor EY would not test without restriction on June 18. The company's management has failed to provide any evidence of where significant amounts came from as collateral in escrow accounts, and employees have shared the information, the Handelsblatt quotes from the post, which has since been deleted.
With this, the anonymous whistleblower anticipated the test result of EY, it says in the newspaper report. Already in spring 2020, Wirecard group insiders were informed about problems with the annual audit. According to the Handelsblatt , there is doubt about a surprising crash of Wirecard. It is therefore possible that insiders would have benefited from Wirecard's demise through their previous knowledge.
A spokeswoman for the Munich public prosecutor's office said again that there were extensive investigations into the former Wirecard CEO Markus Braun and other suspects. All possible crimes would be examined. She did not want to comment on the question of whether insider trading was one of them.