Wirecard Committee: Union accuses witnesses of “fairy tale hour”

The Union MP Hans Michelbach has accused a department head of the Ministry of Finance of concealing the truth in the Wirecard committee of the Bundestag. "I'm just fed up with a fairytale hour here," said the CSU politician on Friday. He had the impression that the official wanted to protect "other people" in the Ministry of Finance with his statement. The head of unit had reported on how the Ministry of Finance exercised its supervision over the financial supervision Bafin.

It was mainly about the controversial decision of the Bafin to ban bets on falling prices at Wirecard 2019. This gave many investors the impression that everything was in order at the scandalous group despite numerous critical media reports.

The head of the unit described that the Bafin had sent the Ministry of Finance the relevant order for information, but the Ministry saw no reason to intervene. The specific motives of the Bafin for the ban and its expediency have not been checked in detail.