Money KfW is targeted by investigators due to Wirecard credit
Studiocanal Promotions; LFF Adds ‘One Night In Miami’; ViacomCBS Backs Spanish Series; VICE Jack The Ripper Doc – Global Briefs
Studiocanal has promoted Anne Cherel from Head of International Sales to EVP Global Sales & Distribution. She will oversee the company’s international sales of TV and features and report into CEO Anna Marsh. London-based Beatriz Campos has been promoted from Head of International Sales (TV) to SVP Global Sales & Production Financing. She will look to develop strategy for the international financing and distribution of TV productions and third-party opportunities. Also in Paris, Chloé Marquet has been promoted from SVP International Sales to Head of International Film Sales.
Frankfurt (Reuters) - Eine 100 The million euro credit line from the state bank KfW for the collapsed payment processor Wirecard has called the prosecutors on the scene.
"We confirm that the police and public prosecutor's office have carried out investigations into the business premises of KfW Ipex-Bank in connection with our financing for Wirecard," said a spokesman for the KfW development bank on request. The subsidiary KfW Ipex, which specializes in export credits and project finance, is cooperating with the authorities.
BaFin - Are "very sensitive" at Grenke because of Wirecard
© Reuters / WOLFGANG RATTAY The logo of Germany's Federal Financial Supervisory Authority BaFin (Federal Financial Supervisory Authority) is pictured outside of an office building of the BaFin in Bonn Frankfurt (Reuters ) - The financial supervisory authority BaFin is drawing lessons from the accounting scandal at the payment service provider Wirecard and is now taking a closer look at Grenke.
A spokeswoman for the Frankfurt public prosecutor's office did not give the name of the bank, but she said it was about the initial suspicion of infidelity. The public prosecutor's office is investigating those responsible at a bank in Frankfurt. The institute is accused of granting Wirecard AG a credit line of 100 million euros in 2018 and extending it in 2019 without concluding hedging transactions to protect itself from losses. In connection with the investigation in Frankfurt, there were searches at Wirecard on Tuesday. The public prosecutor in Munich, which is responsible for investigating the Wirecard case, did not want to comment.
The former Dax-GDAXI> group filed for bankruptcy in June after auditors discovered air bookings worth billions. Investors had lost billions. Ex-Wirecard boss Markus Braun and other managers are in custody, Jan Marsalek, the board member responsible for day-to-day business, is on the run. Politicians are even concerned about the scandal. A parliamentary committee of inquiry is to clarify who is responsible for the fact that the machinations at Wirecard have not been discovered for so long.
240,000 people apply for new COVID-19 benefit on 1st day despite technical glitches .
Slightly less than a quarter of a million Canadians applied for the Canada recovery benefit on the first day applications opened despite some experiencing technical difficulties. The Canada Revenue Agency received over 240,640 applications for the new benefit on Monday, spokesperson Janick Cormier told CBC. The new benefit will pay $500 per week for up to 26 weeks and is open to those who don't don't qualify for employment insurance (EI) because they never paid into it or don't have enough hours.