Wirecard: Remaining board member “before dismissal” - claims for damages against CFO and product director  

At Wirecard, two board members still come to the office despite bankruptcy. But that should be over soon. Both are about to be kicked out.

• At the insolvent payment service provider Wirecard , two of the four board members are still in office.
• This causes confusion for many observers .
• But now the time for the last remaining top managers is coming to an end.

Munich - At the insolvent payment service provider Wirecard *, the “two remaining board members are about to be dismissed”. A person who is familiar with the processes said this to Merkur.de * on Monday. As soon as the bankruptcy proceedings are officially opened, such a step can be expected, it is said. Observers expect that the Munich District Court will clear the way for the opening of insolvency proceedings in a few days.

Of the four-man board of directors of the insolvent payment service provider, only CFO Alexander von Knoop and the board member responsible for products, Susanne Steidl, are in office. The long-time Wirecard boss Markus Braun is now back in custody. Jan Marsalek , the board member responsible for day-to-day business , is now being searched for with an international arrest warrant. *

Wirecard: CFO has nothing more to say

Von Knoop and Steidl continue to come to work, but no longer have the authority to sign , according to the Wirecard headquarters in Aschheim . This applies particularly to financial issues. The provisional insolvency administrator Michael Jaffé withdrew the relevant powers from the CFO immediately after the opening of the provisional insolvency proceedings.

From a purely legal point of view, boards of directors cannot simply resign without exposing themselves to the risk of being sued for damages by their previous employer.

Now von Knoop and Steidl are about to be kicked out. It is possible, it is said from Aschheim , that both of them will be sued for compensation even without resigning. Corresponding claims would have to be checked, it is said.

Wirecard: The Supervisory Board has not dismissed the Management Board - the reasons are unclear

The Wirecard supervisory board has decided not to recall the two remaining board members despite the billion-dollar bankruptcy. The reasons are so far unclear. According to industry circles, Jaffé had hoped for help from the chief financial officer in disentangling the nested Wirecard holdings. Jaffé did not want to comment on relevant questions. The company is now on the verge of being broken up, * over 1000 jobs * are at stake.

According to a report by the Handelsblatt, the Munich public prosecutor's office has been investigating von Knoop and Steidl since July on suspicion of falsification of accounts, market manipulation, fraud and, in the meantime, alleged breach of trust.

The future of # retail is digital ― and the future is now. @HarvardBiz #retailtech # retail2020 https://t.co/4WUe2cdKNc

Wirecard filed for bankruptcy at the end of June after 1.9 billion euros had been proven to be an air booking. According to initial estimates by the public prosecutor, the damage is 3.2 billion euros. In addition, there are billions in losses for investors. The bankruptcy of the payment service provider is now considered the biggest accounting scandal in German post-war history.

Deutsche Börse had changed its rules for Dax membership because of Wirecard . On Friday, the Wirecard share * flew out of the most important German stock market index. * Merkur.de is part of the Ippen digital network.