Re:Former Wirecard CEO Markus Braun arrested
by detaro on Tuesday June 23, 2020 @06:22AM
(#23612014)
Bafin went further than "not paying attention/not having access" though. When Financial Times published articles last year questioning Wirecards accounts, Bafin banned shorts on Wirecard temporarily and asked prosecutors to investigate the journalists for market manipulation, in parallel to looking into Wirecard. That's a bad look when it seems they were right.
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Re:Former Wirecard CEO Markus Braun arrested
by TheOtherHobbes on Tuesday June 23, 2020 @03:13PM
(#23618770)
FT have been on WC's case from 2015, looking at various associated accounts dated as far back as 2011.
The 2019 article was the killer, with one of Wirecard's financial partners traced to the home of a baffled fisherman in the Philippines.
IMO it's hard not to wonder if there's a story behind the story. "Oh dear we at BaFin really didn't notice" just doesn't seem at credible, even if you include some toxic politics.