In a parliamentary investigation into the bankrupt payment company Wirecard, German Chancellor Merkel defended her commitment to the company. “At the time, despite media reports, there was no reason to believe that there was any violation,” he was referring to Wirecard’s fraud.
German Wirecard hopes to enter the Chinese market and take over the Chinese payment service Allscore. In 2019, Merkel and Chinese leader Xi Jinping proposed an M&A case.
Merkel said that it is normal for the German government and the chancellor to support German business when traveling abroad. She emphasized: “No special treatment was performed on Wirecard during the trip.”
Minister Has been questioned The parliamentary committee investigates the company’s large-scale fraud. Wirecard is accused of forging $1.9 billion in revenue to make the company more attractive to investors. After the fraud became widely known, the stock price of the payment company plummeted: 20 billion euros disappeared, and thousands of investors became victims.
Merkel made it clear that there is no 100% protection against criminal activities. She said: “However, all measures must be taken to prevent this from happening again.” She mentioned the planned financial regulatory reform.
Committee member Fabio di Masi (Fabio di Masi) raised the main issues of the way and the way to promote Merkel. He said before that it is normal for the government to conduct business. But he believes that this situation is suspicious, because there have been various signals in the media that something is wrong.