Public prosecutor’s office is investigating EY in the Wirecard scandal
Status: 7:55 p.m. | Reading time: 2 minutes
After a complaint against former employees of the auditing company EY, the public prosecutor is now investigating. The background to this is the role of auditors in the Wirecard scandal. The initiation of the preliminary investigation is a normal procedure.
Dhe Munich I public prosecutor’s office is investigating those responsible at the auditing company EY because of their role in the Wirecard scandal. This was preceded by a complaint by the Apas auditors. A spokeswoman for the public prosecutor’s office said on Friday that these have been “extensively examined”. “Since it describes specific accused and criminal provisions, we have, as the file order stipulates, entered an investigation against those named.” Before that „Handelsblatt“ reports that former EY examiners are being investigated.
The initiation of the preliminary investigation is the normal procedure. The public prosecutor added: “We continue to conduct our investigations into the entire Wirecard complex against numerous suspects, whom we do not want to disclose for tactical reasons.”
The Apas had already called on the public prosecutor’s office in November. At the time, an EY spokesman said that they saw “no evidence of criminal misconduct by EY auditors in the Wirecard case”. The company had repeatedly been accused of failing to take the audit assignment for Wirecard sufficiently seriously, thereby facilitating dubious business practices on the part of the financial service provider. The FDP obman in the Wirecard investigation committee of the Bundestag, Florian Toncar, said: “So far everything has indicated that serious mistakes were made in the final examination. The fact that these could even be relevant under criminal law gives the case a whole new dimension. “
Wirecard filed for bankruptcy at the end of June. The payment service provider is said to have falsified its balance sheets for years. A total of 1.9 billion euros, which should be in trust accounts in Asia, cannot be found. The public prosecutor’s office is investigating leading managers on charges of “commercial gang fraud”. The Wirecard executive suite is said to have booked billions in bogus deals over the years in order to keep the company afloat and to cheat credit.