Germany's finance minister rejects blame for Wirecard fiasco


  • World
  • Thursday, 22 Apr 2021

German Finance Minister Olaf Scholz arrives to testify before a parliament committee investigating Wirecard, in Berlin, Germany April 22, 2021. REUTERS/Michele Tantussi/Pool

FRANKFURT (Reuters) - Germany's finance minister denied any blame for the multi-billion-euro Wirecard fraud on Thursday, pointing the finger at the company and its auditors, EY, for waving the firm's accounts through for a decade.

Olaf Scholz joins a long list of politicians and officials who have denied responsibility for slipshod oversight and what critical lawmakers see as a pro-Wirecard bias that failed to avert Germany's biggest post-war fraud.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Four killed, dozens trapped in building collapse in South Africa
Boeing Starliner capsule's first crewed test flight postponed over Atlas rocket glitch
Hidden camera filming through hole in trash can found in hospital bathroom, US cops say
Using AI for weight loss isn’t a bad thing, personal trainers say
US soldier arrested in Russia on theft charges, RIA reports
Opinion: All I want is advice, not a video
Sony backtracks faced with anger of ‘Helldivers 2’ players
Banning phones at school could help girls succeed
Vietnam marks 70th anniversary of the 'historic' Dien Bien Phu victory
Australian woman pleads not guilty ahead of mushroom deaths murder trial

Others Also Read