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    WDI   DE0007472060

WIRECARD AG

(WDI)
End-of-day quote HANSEATISCHE WERTPAPIERBOERSE HAMBURG  -  2022-09-29
0.0131 EUR   -6.43%
07/12Wirecard used falsified client list to convince Softbank to invest €900m
AQ
07/11Wirecard Said to Have Faked Client Data to Obtain $914 Million Softbank Investment
MT
07/05Wirecard's accounting chief admits to forging documents in KPMG audit
AQ
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Wirecard's accounting chief admits to forging documents in KPMG audit

07/05/2022 | 01:21am EDT

WIRECARD's former head of accounting has admitted to forging documents when under pressure to provide evidence of transactions during a special audit by KPMG.

Wirecard's former chief financial officer, Stephan von Erffa, told prosecutors he falsified the documents after coming under pressure from the auditor to provide evidence of a €50m (£43m) payment, according to sources speaking to the

Financial Times.

The accounting chief admitted to creating a fake, back-dated email and corresponding financial documents when asked to hand over documents to KPMG that did not exist.

The forgery came after the German firm hired KPMG to audit its accounts in an effort to clear itself of allegations of balance sheet manipulation, after suspicions were first raised by the Financial Times.

The Wirecard financial chief said the act of forgery had been a single, isolated incident that was not intended to falsely represent the company's accounts. Von Erffa denies involvement in the firm's wider fraud.

Former German tech titan Wirecard collapsed into insolvency in June 2020 after announcing €1.9bn in missing cash. Von Erffa is set to face trial this year over the case along with two other Wirecard executives, Oliver Bellenhaus and Markus Braun.

Bellenhaus turned himself into authorities in June 2020.

Braun denies wrongdoing.

(c) 2022 City A.M., source Newspaper

All news about WIRECARD AG
07/12Wirecard used falsified client list to convince Softbank to invest €900m
AQ
07/11Wirecard Said to Have Faked Client Data to Obtain $914 Million Softbank Investment
MT
07/05Wirecard's accounting chief admits to forging documents in KPMG audit
AQ
06/19Wirecard AG 's Equity Buyback announced on November 15, 2019, has expired.
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04/06Wirecard investors target EY parent for 1.5 bln euros in compensation
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03/15German Court Allows Mass Trial Against Audit Firm Ernst & Young Over Wirecard Collapse
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03/15Ex-Wirecard boss hit with fraud charge
AQ
03/14German prosecutors charge 3 with fraud in Wirecard collapse
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03/14German Prosecutors Charge Former Wirecard CEO With Fraud, Accounting Manipulation
MT
01/28Charges Have Now Been Brought In Germany Over The Wirecard Scandal
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Managers and Directors
Thomas Eichelmann Chairman-Supervisory Board
Wulf Matthias Member-Supervisory Board
Stefan Klestil Member-Supervisory Board
Vuyiswa V. M’Cwabeni Member-Supervisory Board
Anastassia Lauterbach Non-Executive Director
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