Tag: economic crime
The parallels between the Indian Adani affair and Wirecard are astounding
protests in India Indian opposition demonstrators in New Delhi accuse Prime Minister Narendra Modi of remaining silent on the Adani affair for too long. (Photo: Bloomberg) In the Wirecard case,…
Union countries threaten rejection in the Bundesrat
Anonymous whistleblowers The federal government wants to create legal certainty for those who uncover criminal and administrative offenses in companies and authorities. (Photo: dpa) Berlin The federal states governed by…
US investors are apparently pumping billions into China’s AI sector
robots in China Chinese companies are expanding the AI industry – partly with investments from the USA. (Photo: dpa) Washington Major U.S. investors and chipmakers like Intel and Qualcomm put…
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…
Russia espionage at the BND: Suspected courier arrested
BND headquarters After the Russian attack on Ukraine last year, the BND employee, who was arrested in December, is said to have passed on information that he obtained in the…
Investigators are frisking BNP Paribas in Frankfurt
Dusseldorf Since Tuesday, around 130 public prosecutors, tax investigators and police officers have searched the offices of the major French bank BNP Paribas in Frankfurt and the private homes of…
Previous EY examiners relinquish licenses
EY offices in Düsseldorf Since 2020, the Apas supervisory authority has been examining whether and to what extent auditors violated their obligations in their work for Wirecard and what the…
NRW tax investigator Birgit Orths – perpetrators are global and we are not
tax investigation Some of the officials have to buy their own equipment because there is a lack of funds. (Photo: dpa) Frankfurt Whether cum-ex, tax havens or fraud with Corona…
Commerzbank is suing auditor EY over Wirecard losses
Commerzbank The major German bank is trying to recover its losses from the Wirecard bankruptcy in court. (Photo: dpa) Frankfurt Commerzbank wants to recover losses of around 200 million euros…
Investigators search law firm and other company
Frankfurt skyline The public prosecutor’s office confirmed that “as of today, they are executing a search warrant against a law firm in Frankfurt am Main”. (Photo: dpa) Dusseldorf The commercial…
Deutsche Bank appoints Barclays executive as head of compliance
Laura Padovani At Barclays, Padovani has been on the Executive Committee, the top operational management body of the major bank, since 2018. (Photo: Barclays) Frankfurt Deutsche Bank is making a…
“No incriminating findings” – White & Case checks 800,000 documents
Adler construction site Many of the Adler Group’s projects have come to a standstill. The real estate group is in a permanent crisis. (Photo: Verfürden/Handelsblatt) Dusseldorf, Berlin In the struggle…
Investigators search law firm and other company
Frankfurt skyline The public prosecutor’s office confirmed that “as of today, they are executing a search warrant against a law firm in Frankfurt am Main”. (Photo: dpa) Dusseldorf The commercial…
Ex-Wirecard boss’s statement is delayed – dispute over key witnesses
Markus Brown The former Wirecard boss will not testify in court this week. (Photo: dpa) Munich In the process of the bankruptcy of the financial group Wirecard worth billions, the…
KPMG does not want to check Adler’s balance sheet even after the court order
KPMG The auditors do not want to examine the accounts of the Adler Group. (Photo: Reuters) Munich The ailing real estate investor Adler must continue to worry about the examination…
Wirecard key witness confirms the charge: business invented
Oliver Bellenhaus on a trial day in December The only goal was to deceive Wirecard’s auditors. (Photo: dpa) Munich In the Munich Wirecard trial, the key witness for the public…
A Youtuber avenges German victims
Asia Technonomics In the weekly column we take turns writing about innovation and economic trends in Asia. (Photo: Klawe Rzeczy) Bangkok Dangerous-sounding calls caused unrest across Germany last year: “Hello,…
FTX founder Bankman-Fried pleads ‘not guilty’
Sam Bankman Fried The founder of crypto exchange FTX says he is “not guilty”. (Photo: Bloomberg) New York, Frankfurt The founder of the collapsed cryptocurrency exchange FTX has, as expected,…
Kubicki worried about cooperation with secret services
BND headquarters in Berlin An employee of the Federal Intelligence Service is said to have spied for Russia. (Photo: dpa) Berlin FDP Federal Deputy Wolfgang Kubicki fears that the affair…
Closest colleagues of the FTX founder plead guilty
Sam Bankman Fried The FTX founder wants to face justice in the United States. (Photo: AP) Nassau, Frankfurt New trouble for FTX founder Sam Bankman-Fried: Two of his highest-ranking longtime…