Financial Times: BaFin boss ‘believed’ Wirecard was victim until near the end

Financial Times: BaFin boss ‘believed’ Wirecard was victim until near the end[1]

"Felix Hufeld thought short sellers might have faked the disappearance of €1.9bn, three people and document say (...)

Fabio De Masi, an MP for the leftwing Die Linke party, called for the dismissal of Mr Hufeld and BaFin vice-president Elisabeth Roegele, who is in charge of securities supervision. “Finance Minister Olaf Scholz eventually needs to act. Mr Hufeld and Ms Roegele allowed themselves to be used by Wirecard and even believed in a conspiracy when Wirecard was already collapsing,” he told the Financial Times, adding that a “clean break” was needed to restore the reputation of Germany’s financial regulators. “Business as usual is over,” said Mr De Masi."

Links:

1. https://www.ft.com/content/a021012e-bd2e-44d5-a160-96d997c662f1