Financial Times: Deutsche Bank’s head of accounting probed over Wirecard

Financial Times: Deutsche Bank’s head of accounting probed over Wirecard

"Germany’s audit watchdog is investigating Deutsche Bank’s head of accounting Andreas Loetscher over potential misconduct in his previous role at EY, where he was one of the partners responsible for the audits of Wirecard. (...)

Fabio De Masi, an MP for the left-wing Die Linke party, stressed that the presumption of innocence applied. “However, Mr Loetscher currently poses a very high reputation risk [for Deutsche Bank], in particular as his former employer from 2021 will be Deutsche Bank’s auditor,” Mr De Masi said. (...)"