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Wirecard scandal: justice is investigating the German regulator Bafin

2021-04-12T12:22:47.017Z


Several complaints alleged both inadequate supervision and insider trading around the company's actions.


German justice has opened an investigation into the role of financial supervisor Bafin and his employees in the gigantic accounting scandal surrounding the payments company Wirecard, the prosecutor's office announced on Monday.

Read also: Wirecard scandal: Germany strengthens supervision of companies

After several complaints alleging both a failure of supervision and insider trading around the actions of the company, the Frankfurt public prosecutor's office “

initiated an investigation to examine the relevance, in particular from a criminal point of view, of the accusations against officials and employees

”of this authority, said a spokesperson in a statement sent to AFP.

Source: lefigaro

All news articles on 2021-04-12

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