Germany’s financial regulator has reportedly filed a criminal complaint against a
BaFin has filed a complaint against
Read more: German accounting watchdog head to step down in wake of Wirecard scandal
Schutz joined the bank in 2017 but last month announced he was stepping down from the supervisory board. He came under pressure earlier this year over his communications with the former Wirecard boss
He urged Braun to “do [the
The collapse of Wirecard last summer proved to be one of the biggest accounting scandals to date and has raised questions over the failure of German authorities as well as its auditor EY to pick up on the red flags.
The German auditing regulator Apas launched a probe last summer into EY examining its involvement with Wirecard.
Read more: German audit watchdog head faces investigation over Wirecard share trading
Additionally a recent German investigation found there had been serious shortcomings in EY’s audits of Wirecard and it had failed to spot fraud risk indicators.
It recently emerged the head of
According to the
The post
© City AM, source