Which authority is recorded against Wirecard AG (insolvent)?

The entry is recorded against Munich I Regional Court / Munich public prosecutor, in the Germany jurisdiction, under the theme Accounting · payments processing.

What is the current status of this entry?

Status: Trial in progress. Last recorded change: 16 December 2024. The matter arose or was first recorded on 18 June 2020.

How was this matter brought to light?

Journalistic reporting and short-seller disclosures, then criminal prosecution. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for DE-2020-01 be checked?

The entry links to Reuters — Wirecard files for insolvency, 25 June 2020; Reuters — Munich trial opens, 8 December 2022.

DE-2020-01 · Germany · 2020

Wirecard AG: EUR 1.9bn reported missing, insolvency and a continuing criminal trial in Munich

The payments group told the market that EUR 1.9bn of reported trust account balances could not be located, filed for insolvency days later, and its former chief executive and other former officers are on trial in Munich. The defendants deny the charges.

German banking district towers at dusk, illustrating the Wirecard proceedings — Illustrative image · Wirecard AG (insolvent)

Institution: Wirecard AG (insolvent)
Authority: Munich I Regional Court / Munich public prosecutor
Status: Trial in progress
Theme: Accounting · payments processing
Raised by: Journalistic reporting and short-seller disclosures, then criminal prosecution
Jurisdiction: Germany
Matter arose: 18 June 2020
Last recorded: 16 December 2024
Amount: EUR 1.9bn reported unaccounted for

What the sources record

On 18 June 2020 the company announced that auditors could not confirm balances of about EUR 1.9bn; it filed for insolvency on 25 June 2020.

Charges brought by the Munich public prosecutor include commercial gang fraud, breach of trust, accounting manipulation and market manipulation.

The trial opened at Munich I Regional Court in December 2022 and continues. The presumption of innocence applies to all defendants.

Timeline

2020-06-18
Company states EUR 1.9bn of trust balances cannot be confirmed.
2020-06-25
Insolvency filing in Munich.
2022-12-08
Criminal trial opens at Munich I Regional Court.

Primary sources

Questions and answers on this entry

What does register entry DE-2020-01 record?: Wirecard AG: EUR 1.9bn reported missing, insolvency and a continuing criminal trial in Munich. The payments group told the market that EUR 1.9bn of reported trust account balances could not be located, filed for insolvency days later, and its former chief executive and other former officers are on trial in Munich. The defendants deny the charges.
Which authority is recorded against Wirecard AG (insolvent)?: The entry is recorded against Munich I Regional Court / Munich public prosecutor, in the Germany jurisdiction, under the theme Accounting · payments processing.
What is the current status of this entry?: Status: Trial in progress. Last recorded change: 16 December 2024. The matter arose or was first recorded on 18 June 2020.
How was this matter brought to light?: Journalistic reporting and short-seller disclosures, then criminal prosecution. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for DE-2020-01 be checked?: The entry links to Reuters — Wirecard files for insolvency, 25 June 2020; Reuters — Munich trial opens, 8 December 2022.

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