Tag: Accounting scandal
Wirecard insolvency administrator believes counterfeiting has been proven
Wirecard headquarters in Aschheim near Munich Wirecard collapsed three years ago after 1.9 billion euros from business with customers in Asia, which are said to be in escrow accounts, proved…
Steinhoff shareholders are fighting back: the restructuring plan is in danger of failing
Steinhoff furniture The group has debts of ten billion euros. (Photo: dpa) Dusseldorf The heavily indebted trading group Steinhoff is threatened with failure of its controversial restructuring plan. Shareholder representatives…
Munich judiciary groans under lawsuits
Markus Brown After the Wirecard scandal, the former CEO has to answer in court. (Photo: AFP/Getty Images) Cologne On June 25, 2020, Wirecard AG filed for insolvency – shortly afterwards…
Balance sheet scandal raises doubts about investor Jorge Paulo Lemann
Salvador Perhaps Brazil’s biggest accounting fraud scandal in history began on January 11 this year with a sober resignation announcement: Sergio Rial, CEO of retailer Americanas SA, announced that he…
The problem with the withholding tax
Dusseldorf Anyone who takes foreign shares into their portfolio usually pays too much tax on dividends. The reason: When the dividend is paid, the tax authorities in the respective home…
Markus Braun meets the man who put him in prison
Markus Braun (center) and his defenders Alfred Dierlamm (left) and Nico Werning Munich, Dusseldorf The process of the century begins with a considerable delay. At the planned start at 9…
Start of the trial before the Munich Regional Court against the former Wirecard boss Markus Braun.
Markus Brown Markus Braun headed Wirecard for almost two decades and cultivated the image of a visionary. Now a criminal court has to clarify whether he acted extremely naively or…
Start of the trial before the Munich Regional Court against the former Wirecard boss Markus Braun.
Markus Brown Markus Braun headed Wirecard for almost two decades and cultivated the image of a visionary. Now a criminal court has to clarify whether he acted extremely naively or…
The Handelsblatt with the secret report on the work of EY
Markus Braun and Jan Marsalek Most of the work on the Wirecard scandal happened behind closed doors. Dusseldorf Creditors are waiting for 3.3 billion euros, shareholders lost 24 billion euros:…
Ex-Wirecard boss Markus Braun has to answer in court from December 8th
Markus Brown Former Wirecard CEO Markus Braun led the Wirecard Group for almost two decades until it went bankrupt. He denies all allegations of fraud. (Photo: Reuters) Dusseldorf, Frankfurt Former…
Ex-Wirecard boss Markus Braun has to answer in court from December 8th
Markus Brown Former Wirecard CEO Markus Braun led the Wirecard Group for almost two decades until it went bankrupt. He denies all allegations of fraud. (Photo: Reuters) Dusseldorf, Frankfurt Former…
Apas sees breach of duty at EY
Dusseldorf The verdict could hardly have been harsher: The auditing company EY is said to have violated professional obligations in their work for the former Dax group Wirecard for four…
Apas sees breach of duty at EY
Dusseldorf The verdict could hardly have been harsher: The auditing company EY is said to have violated professional obligations in their work for the former Dax group Wirecard for four…
Apas sees breach of duty at EY
Dusseldorf The verdict could hardly have been harsher: The auditing company EY is said to have violated professional obligations in their work for the former Dax group Wirecard for four…
The fines for defaulting companies are not enough
Dusseldorf There must be a penalty: medium-sized or large corporations who do not publish their financial statements no later than twelve months after the end of the financial year are…
Serious allegations from ex-CEO Markus Braun
Former Wirecard headquarters near Munich The indictment against longtime CEO Markus Braun and two other former managers is 474 pages long. (Photo: dpa) Dusseldorf The Munich I public prosecutor’s office…
“It was not possible to provide PwC with the necessary collateral”
Zurich Conrad Keijzer is not easily ruffled. The Clariant boss can still see something positive in the chemical company’s worst crisis in years. On Monday, Clariant shocked its shareholders with…
The Handelsblatt with the secret report on the work of EY
Activate notification May we keep you informed about the most important news from the Handelsblatt in your browser? You will receive 2-5 reports per day. Almost there Allow handelsblatt.com to…
Insolvency administrator Michael Jaffé gives shareholders hope
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…
Insolvency administrator Michael Jaffé gives shareholders hope
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…