FILE K-003 ·
CASE OPENWirecard: €1.9 Billion Was Missing. Then the COO Vanished.
VideoPremieres Tue 10 Nov
Summary
In June 2020, Wirecard, one of Germany's most valuable companies and a member of the DAX, admitted that €1.9 billion on its balance sheet probably did not exist. Within days the company was insolvent, its CEO was arrested, and its chief operating officer, Jan Marsalek, had flown out of Austria on a private jet.
Markus Braun denies wrongdoing and his trial in Munich is ongoing. Jan Marsalek is wanted and has not been tried. Allegations against both are reported as allegations until a court decides.
Chapters
- 0:00The flight
- 1:08Bigger Than Deutsche Bank
- 2:23The Partners
- 4:01Money in Someone Else's Account
- 5:55Shoot the Messenger
- 8:00The Empty Account
Sources
- KPMG special investigation report (2020) · Wirecard
- Wirecard joins the DAX (2018) · Deutsche Börse
- Philippine central bank says deposits never made · IPS / Reuters
- EY failed to ask for bank statements · Irish Times / FT
- Regulator pursued critics · BNN Bloomberg
- Marsalek fled by private jet · Accounting Today / Bloomberg
- A most wanted man · The Insider
- Munich trial opens (2022) · Al Jazeera