German Finance Minister Knew of Wirecard Issues a Year Before Collapse

(Bloomberg) — German Finance Minister Olaf Scholz was aware of potential market manipulation at Wirecard AG in February 2019, almost a year and a half before the company collapsed.German financial watchdog BaFin informed Scholz about the case “because of the suspicion of a violation against the prohibition of market manipulation,” according to a report by the Finance Ministry seen by Bloomberg. The minister was told that BaFin would “investigate in all directions,” said the document, which was reported earlier by German media.Scholz has denied any direct involvement in the Wirecard scandal. His deputy, Joerg Kukies, confirmed on Wednesday that he …read more

Source:: Yahoo Finance

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