June 30, 2020 BY Steffy Bogdanova

BaFin takes over in Wirecard balance sheet scandal

The President of the Bavarian Finance Center, Wolfgang Gerke spoke about the failure of the supervisory authorities and said the scandal has done damage that will have “impact for years”. He also said he suspects a corrupt network stands behind the scandal. Following the scandal in Germany, the UK Financial Conduct Authority suspended Wirecard’s UK…

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