Financial Times: Deutsche Bank and Commerzbank funded Wirecard’s India deal

Financial Times: Deutsche Bank and Commerzbank funded Wirecard’s India deal[1]
 

"Deutsche Bank and Commerzbank provided the bulk of the funding for Wirecard’s acquisition of a pair of Indian companies referred to in the fraud allegations against the defunct Germany payments group, documents seen by the Financial Times reveal. (...)

Fabio De Masi, an MP for Germany’s far-left Die Linke party, said it was “surprising how little interest the banks showed in the plausibility of the purchasing price and the ultimate beneficial owner of the EMIF funds”. The €250m provided by Deutsche and Commerzbank “is quite a lot of ‘stupid German money,’” he added. (...)"

Links:

1. https://www.ft.com/content/fbabbb58-fa92-45fa-9e49-82251ad33ee3