The Wirecard scandal is still making waves six months later.
Deutsche Bank’s chief accounting officer Andreas Loetscher was forced to temporarily step aside amid a probe into his prior role as a lead auditor into the German payments processor, which collapsed in June after admitting that $2.1 billion of its cash might not exist.
The financial-tech giant filed for insolvency that month after former CEO Markus Braun was arrested in relation to the scandal.
Loetscher previously worked at EY, whose partners last week became the subject of an investigation by German prosecutors after an accounting watchdog filed a report accusing them of criminatlity in their audits of the failed company.
“This step is neither an acknowledgement of wrongdoing by Andreas nor a change of perception on the part of the bank,” Deutsche Bank’s finance chief James von Moltke wrote in a memo to staff obtained by Reuters.
The memo said that the move was at Loetscher’s “request and in mutual agreement”.
With Post wires





