Who blew the whistle with the Wirecard case? Yes, the SdK!
My fellow Stein Fighters,
Please just have a look at page 30 : The Sdk as a whistle blower! So in the case Steinhoff: YES, WE CAN!
www.europarl.europa.eu/RegData/etudes/...U(2020)651385_EN.pdf
And also have a look at the last sentence I copied here:
'June 26: The Financial Times claims that EY did not check directly with OCBC Bank (Singapore) to confirm that the lender held €1 billion of cash on behalf of Wirecard. Instead, the auditor relied on documents and screenshots provided by a trustee (Storbeck et al. 2020)'.
So: THE LENDER HELD CASH ON BEHALF OF WIRECARD!
Could this be the case with Steinhoff too? Like: the creditor(s) held XX AMOUNT cash on behalf of SNH.
LET'S BLOW THE WHISTLE AGAIN!
www.europarl.europa.eu/RegData/etudes/...U(2020)651385_EN.pdf
Page 30: the SdK!
'Who blew the whistle?
There have been repeated allegations about Wirecard’s accounting practices since 2008, for example:•2008: The small shareholder association S dK accused Wirecard of reporting margins that are too high and that Wirecard accounted customer deposits as their own cash (Fairless et al. 2020).
EY was hired to conduct a special audit of the 2007 accounts and has since taken over a s group auditor (McCrum 2015)';
'It is worth pointing out that Wirecard has been a target of increased short seller activities for a while; some trading activities were in fact linked to market abuse: In 2012, two former executives of the shareholders association SdK, Tobias Bosler and Markus Straub, were convicted of market manipulation'.
'June 26: The Financial Times claims that EY did not check directly with OCBC Bank (Singapore) to confirm that the lender held €1 billion of cash on behalf of Wirecard. Instead, the auditor relied on documents and screenshots provided by a trustee (Storbeck et al. 2020)'.