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Wirecard: Commerzbank analyst Heike Pauls provided Wirecard with information

2021-01-14T11:55:42.530Z


A Commerzbank analyst praised the scandalous group to the sky until the end. Confidential emails now show that they provided Wirecard management with information about critical investors. Now it is put aside.


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Wirecard headquarters near Munich: "I'm sure you are also interested in that"

Photo: Sven Hoppe / DPA

It is not known whether and how the Wirecard management thanked one of its most loyal supporters.

Heike Pauls would have deserved special praise several times.

Not only did the Commerzbank analyst, who was professionally obliged to keep a distance, dismiss critical press reports from Wirecard as “fake news” and, shortly before the collapse of the scandal group, fantasized about 230 euros as a target price for the share;

it also supplied the management of the payment service provider with confidential information that it had previously collected on the capital market.

This is shown by confidential emails that SPIEGEL has received.

In the meeting of the parliamentary committee of inquiry to clear up the Wirecard affair this Thursday, ex-Commerzbank boss Martin Zielke appears as a witness.

The course of the survey will show whether he is working hard for Pauls, as the analyst did for Wirecard.

And also how their analyzes were related to the other activities of Commerzbank in matters of Wirecard: The state-owned money house was one of Wirecard's largest lenders until the end.

But this loan has long been worthless.

Commerzbank had to write off around 175 million euros on Wirecard last year. 

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Source: spiegel

All business articles on 2021-01-14

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