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MIL OSI Translation. Region: Germany / Deutschland –

Source: CDU CSU

08/10/2020

Today the 3rd committee of inquiry (Wirecard) is constituted

Before the establishment of the Wirecard investigation committee, Matthias Hauer, chairman of the CDU / CSU parliamentary group in the investigation committee, explains:

“For us, the investigation of the Wirecard scandal is the focus. With detailed procedural and evidence requests, we will help advance the investigation in all directions at the beginning of the first advisory meeting of the committee of inquiry. We owe it to investors, employees, investors and all players in the capital market to ensure that this scandal is completely cleared up. We are taking a further step in this direction with the committee of inquiry.

The control mechanisms failed in the Wirecard case, so that criminal machinations were noticed much too late. It remains to be clarified in detail whether BaFin could or should have recognized criminal behavior earlier and whether indications of possible balance sheet falsification, money laundering or other criminal offenses were not adequately investigated. The Federal Ministry of Finance, which is responsible for BaFin supervision and the FIU money laundering unit, has the main responsibility for the investigation. Failures must be disclosed relentlessly.

The committee of inquiry should also make a contribution to restoring confidence in the German financial center. That is only possible with a complete explanation, from which we must draw conclusions from the legislature as soon as possible. In addition to political clarification, criminal investigation by law enforcement authorities and courts is also important. Anyone who cheats in these dimensions must meet the full severity of the law. “

MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI