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Money KfW is targeted by investigators due to Wirecard credit

19:20  29 september  2020
19:20  29 september  2020 Source:   de.reuters.com

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The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim © Reuters / MICHAEL DALDER The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim

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

 BaFin - Are © 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.

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usr: 0
This is interesting!