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Former Wirecard headquarters in Aschheim
Photo: Peter Kneffel / dpa
The balance sheets of the payment service provider Wirecard from 2017 and 2018 were incorrect according to the findings of the Munich I Regional Court.
The court declared the annual accounts from the two years and the dividend resolutions of the respective general meetings on Thursday null and void.
This would allow insolvency administrator Michael Jaffé, who had obtained the verdict, to reclaim the dividends for the two years from shareholders.
In total, this is about 47 million euros.
Whether the missing 1.9 billion euros, as claimed by Jaffé, never existed or were only in other accounts, as the then CEO Markus Braun suspected, is irrelevant, said the presiding judge Helmut Krenek.
In any case, Wirecard violated the principles of proper accounting.
"If the funds are there, they should have been found in the accounts," Krenek said.
EY's auditors had audited the financial statements for the two years.
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Apr/Reuters/dpa
