Deutsche Bank executives file lawsuit over Wirecard report

The former head of Deutsche Bank նախկին EY’s former partner, who led the Wirecard audit, has taken legal action in an attempt to prevent a German parliamentary committee from reporting on the scandal.

Andreas Loetscher, one of Wirecard EY’s two chief audit partners from 2015 to 2017, filed a motion in the Berlin Administrative Court on Monday against the publication of the report, which will be debated in the Bundestag on Friday. Wirecard insolvency,

The move is part of a war between former Wirecard auditors and German lawmakers. EY is already in dispute with Parliament over the publication of a separate sharp report by a special investigator, which concluded that the audits suffered from a number of significant shortcomings.

People familiar with the matter told FT that the request for the ban was made at Loetsch’s personal discretion, that the move had not been agreed with his current or former employers. Deutsche declined to comment, and EY did not immediately respond to a request for comment.

Wirecard collapsed after admitting that 1.9 billion euros in corporate cash may never have existed. It had previously received qualified audits from EY for more than a decade.

Loetscher joined Deutsche in 2018 as head of accounting after more than two decades at EY. He temporarily resigned at the end of last year, but remained an audit consultant.

He claims that the transfer was the result of “unfounded suspicions” by the commission. Deutsche Welle said at the time that this had taken place “by mutual consent at the request of Andreas”.

Lutcher’s job as chief auditor is public knowledge, as he personally signed the Wirecard audits, and his last name was mentioned in the annual results published by the current group.

Last November, when he was summoned as a witness in a parliamentary hearing on the Wirecard scandal, he declined to answer questions, citing an investigation by regulators into his conduct.

Shortly afterwards, the Munich prosecutor’s office announced that they had launched a criminal investigation against certain EY partners over Wirecard.

Lutcher, who has denied any wrongdoing, claims that any mention of his name in the public report violates his personal rights. His lawyers assume that he may be referred to by the initials, not the full name.

Lutcher and his lawyer did not immediately respond to a request for comment.

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