On 22 June 2021, GE PRL announced submission of the final report into Wirecard.

• Investigation into the behavior of GE GVT in connection with the incidents re Wirecard.
• Concluded that the Finance Ministry failed to detect fraud that cost investors millions.
• The report will be the subject of a one hour debate in the GE PRL, on 25 June 2021.

Background

• Head of BaFin financial supervision Felix Hufeld confirmed Wirecard still under scrutiny.
• Follows GE BaFin February 2019 issued 2-month short selling ban in Wirecard.
• Noted that, as a listed company, Wirecard is not subject to ongoing BaFin supervision.
• Thus BaFin has no authority to approve management appointments or raise objections.
• BaFin is currently analyzing with high priority a special audit report produced by KPMG.
• BaFin will also consider whether report contains statements as to whether Wirecard withheld information that is subject to publication or it provided incorrect information.