Investor group files criminal complaint against EY auditors

June 26, 2020
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Investor group files criminal complaint against EY auditors 1

Investor group information felony grievance towards EY auditors

The lettering of the cost service supplier Wirecard might be seen on a laptop computer display

Silas Stein | image alliance | Getty Photos

The German shareholders’ affiliation SdK has filed a felony grievance towards the auditors of scandal-hit funds agency Wirecard.

SdK’s grievance targets two present and one former workers of Wirecard’s long-time auditors, EY Germany.

The accountancy final week refused to log off Wirecard’s 2019 accounts after discovering 1.9 billion euros ($2.1 billion) of money had gone lacking from its steadiness sheet.

Munich-based Wirecard filed for insolvency on Thursday, marking a tumultuous fall for the group. Wirecard, which remains to be listed on the DAX 30, has seen its share worth capitulate for the reason that accounting black gap was revealed final week.

EY informed CNBC late Thursday that there have been “clear indications that this was an elaborate and complicated fraud, involving a number of events all over the world in several establishments, with a deliberate goal of deception.”

In try and defend its repute, the group added that “even probably the most sturdy and prolonged audit procedures” could not uncover what it referred to as a “collusive fraud.”

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