Germany’s parliamentary finance committee has asked Finance Minister Olaf Scholz and Economy Minister Peter Altmaier to attend a closed door special hearing to shed light on the saga from 1400 GMT.
He has vowed to reform German finance watchdog Bafin, accused by critics of having been too lax on Wirecard, by giving it greater powers to intervene and launch investigations. Even more embarrassing was the revelation that Chancellor Angela Merkel promoted Wirecard on a trip to China in September 2019, when the firm was eyeing a foray into the Chinese market.Merkel had “no knowledge” of the Wirecard irregularities at that time, her spokeswoman told reporters.
Bafin responded by imposing a ban on traders betting against Wirecard stock and announcing a probe into FT journalists.
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