Financial Times: Accounting watchdog told Wirecard it did ‘not want’ to investigate fraud

A press review featuring Fabio De Masi

Feb 11th, 2021

Financial Times: Accounting watchdog told Wirecard it did ‘not want’ to investigate fraud

 

"In 2016 and 2017 Germany’s FREP decided against looking into alleged accounting irregularities at payments group (...)


“It seems like FREP came close to turning itself into a partner in crime [of Wirecard],” Fabio De Masi, an MP for leftwing Die Linke, told the Financial Times. He added that the events showed that the watchdog “is not an appropriate institution to examine companies”. De Masi called for the closure of the FREP and urged the German government to transfer its powers to a government authority. (...)"