Update on the Wirecard Case as of June 25th, 2020 (day 7 after the implosion)
Please find as follows an update about the curated press coverage on Wirecard and related entities for the different topics:
Former board of management:
(still in charge) supervisory board:
Some of the supervisory board members have joined the company for quite a long period of time getting quite huge amount of money for their services (for example Stefan Klestil: compare this report) . So in our opinion, they should be questioned for their involvement in fraudulent business activities.
EY (Auditor of Wirecard since 2009)
EY was asked to do a special audit in late 2008 after the first doubts were raised about the transparency and about accounting issues of Wirecard. Back then they issued a clean audit opinion and became the group auditor starting with 2009. in 2020 another special audit was asked for – again due to massive questions about accounting issues – this time KPMG did the job and came up with a lot of questions about missing revenues and missing cash confirmations, this adverse negative audit opinion represents the beginning of the end of Wirecard.