Deutsche Bank’s Accounting Head Is Target of Wirecard Complaint

(Bloomberg) — Deutsche Bank AG’s top accounting executive, Andreas Loetscher, and two ex-colleagues at his former firm Ernst & Young were targeted in a criminal complaint by a German retail investor association for their alleged role in the accounting scandal at Wirecard AG.The SdK association filed the claim against two unnnamed current partners of EY — which also audits Deutsche Bank’s accounts — and one former partner because of “the events around Wirecard,” according to a statement on Friday. That ex-partner is Loetscher, a person familiar with the matter said.Loetscher, a two-decade veteran at the accounting firm, oversaw the Wirecard …read more

Source:: Yahoo Finance

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