Germany’s finance ministry dropped ball in Wirecard scandal

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Finance Finance Headlines News

The Bundestag’s finance committee is grilling government and supervisory officials over Wirecard, including a top adviser to Angela Merkel

The Wirecard headquarters in Aschheim, near Munich, Germany. Picture: REUTERS/Andreas GebertThe main responsibility for the failure to pursue alleged irregularities at Wirecard lies with the German finance ministry, and Chancellor Angela Merkel’s office was also at fault, according to an opposition legislator.

“The chancellery were really frighteningly naive towards lobbying for Wirecard,” Lisa Paus, a member of the finance committee for the Greens party, said Wednesday in an interview with Bloomberg Television. “In particular, he outlined a 16-point plan on how we will monitor things more closely in the future and improve supervision,” Binding said Wednesday in an interview with DLF radio. He added that he is opposed to personnel changes at BaFin and said that no evidence has yet been provided that the authority’s president, Felix Hufeld, “made any mistakes.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines