Business

'Restore trust': Boss of German Wirecard office replaced following scandal

Auditing group EY on Thursday announced that it was replacing the head of its German office as it moves to "restore trust" following the collapse of fraud-hit payments firm Wirecard.

finance

Why Germany's finance minister has come under fire over Wirecard scandal

German Finance Minister Olaf Scholz came under fire Friday after documents showed he knew about suspicions of misconduct at disgraced payments company Wirecard as early as 2019.

wirecard

Philippine officials faked customs records for ex-Wirecard exec

Philippine immigration officers falsified records to show ex-Wirecard executive Jan Marsalek briefly visited the country after he was sacked from the collapsed German payments processor, the justice minister said Saturday.

wirecard

'Unparalleled scandal': Brussels probes German regulator over Wirecard collapse

The European Commission has asked the EU financial authority to probe whether German regulators were at fault in the build-up to the spectacular collapse of payments provider Wirecard.

finance

Five things to know about Germany's Wirecard scandal

German payments provider Wirecard filed for insolvency Thursday, just days after admitting €1.9 billion missing from its accounts likely "do not exist" and its ex-CEO was arrested.

finance

'Enron of Germany': Former CEO of scandal-hit Wirecard arrested

The former chief executive of Wirecard, Markus Braun, has been arrested on suspicion of market manipulation, German prosecutors said Tuesday, after the payments provider admitted that €1.9 billion missing from its accounts likely "do not exist".

Money

Wirecard founder makes bombshell resignation over fraud probe

The founder and chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling for survival.