29-07-2020 19:17 via uk.finance.yahoo.com

German lawmakers grill Scholz over Wirecard scandal

German lawmakers on Wednesday questioned Finance Minister Olaf Scholz over his failure to detect and prevent the Wirecard [WDIG.DE] accounting scandal, one of the biggest in post-war history.Payment services company Wirecard filed for insolvency last month after admitting that 1.9 billion euros (1.7 billion pounds) supposedly held in trustee accounts by overseas partners probably did not exist.Prosecutors have arrested former Wirecard Chief Executive Markus Braun and two other former executives
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