Thursday, December 18, 2025 | 10:05 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Wirecard AG inquiry probes why Germany missed fraud of century

If the closed-door hearings go badly, parliament may trigger a deeper investigation as the country prepares for the post-Merkel era with an election due next year

wirecard
premium

Wirecard’s crash from rising star to national disgrace has undermined the country’s reputation as a reliable place to do business and delivered a major blow to its fragile base of retail investors

Bloomberg
Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.
 
Lawmakers grilled a top adviser to Chancellor Angela Merkel on Monday in Berlin and will question finance industry watchdogs on Tuesday as the fraud that burned investors engulfs the country’s political establishment. If the closed-door hearings go badly, parliament may trigger a deeper investigation as the country prepares for the post-Merkel era with an election due next year.
 
Wirecard’s crash from rising star