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Wirecard: Commerzbank prepares damage claims against auditors

2021-02-17T16:04:36.284Z

The crashing bankruptcy of the Aschheim payment service provider Wirecard was also expensive for the lenders. Commerzbank now wants to get at least part of the damage back.



The crashing bankruptcy of the Aschheim payment service provider Wirecard was also expensive for the lenders.

Commerzbank now wants to get at least part of the damage back.

Frankfurt / Main - For the auditing company EY, the Wirecard scandal * is likely to have legal consequences.

According to Manager Magazin, Commerzbank wants to sue EY for compensation.

The British-Australian law firm Ashurst should prepare the corresponding lawsuit, it is said.

The auditing company Ernst & Young (EY) has been criticized for months because of its role as long-standing auditor of the insolvent Wirecard.

The payment service provider from Aschheim, which has since been flown out of the German share index (Dax *), admitted air bookings of 1.9 billion euros and filed for bankruptcy last June.

The Munich public prosecutor's office assumes that Wirecard has shown fictitious profits since 2015, and is investigating commercial gang fraud.

Commerzbank has to write off millions because of Wirecard bankruptcy

Commerzbank, which was one of the Wirecard lenders, had to write off 187 million euros because of the disaster.

Now the money house could try to get at least part of the amount back by suing EY for damages.

With the move, the management should also protect its own shareholders from the accusation of having watched the development inactive.

Commerzbank had already drawn the necessary conclusions when choosing its own auditor.

At the beginning of September, the Frankfurt-based company announced that it would propose a change in the auditor for the 2022 financial year to the 2021 Annual General Meeting.

(

dpa / utz

)

* Merkur.de is part of the Ippen editorial network.

Source: merkur

All news articles on 2021-02-17

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