The Deutsche Bank executive is seeking an injunction over the Wirecard report


A former Deutsche Bank executive and former EY colleague who was in charge of Wirecard checks has taken legal action to try to prevent a German parliamentary committee from calling him in on a report on the scandal.

Andreas Loetscher, who was one of EY’s two controlling colleagues at Wirecard between 2015 and 2017, asked the Berlin administrative court on Monday for an injunction against the publication of the report, which will be discussed in the Bundestag Friday, the first anniversary of Wirecard insolvency.

The move is part of a battle between former Wirecard reviewers and German lawmakers. EY is already struggling with parliament over the publication of a separate scathing report by a special investigator, who concluded that the controls had a number of significant shortcomings.

People familiar with the matter told FT that the application for a warrant was filed in Loetscher’s private capacity and that the move was not coordinated with his current or former employers. Deutsche declined to comment and EY did not immediately respond to a request for comment.

The Wirecard has collapsed after acknowledging that 1.9 billion euros in corporate cash may never have existed. He had previously received unqualified checks from EY for more than a decade.

Loetscher joined Deutsche in 2018 as chief accounting officer after more than two decades at EY. He temporarily resigned from this position at the end of last year, but remained as a consultant on controls.

He said the job change is the result of “unsustainable suspicions” from the committee. At the time, Deutsche said it had agreed “to Andreas’ request and mutual agreement”.

Loetscher’s work as principal auditor is of public knowledge since he personally signed the Wirecard audit, and his last name was mentioned in the publicly available annual results of the missing group.

Last November, when he was invited as a witness to parliamentary hearings on the Wirecard scandal, he refused to answer questions, citing an inquiry into his conduct by regulators.

Shortly afterwards, Munich criminal prosecutors announced that they had launched a criminal investigation into some EY partners for Wirecard.

Loetscher, who denied any wrongdoing, argued that any mention of his name in the public report would violate his personality rights. His lawyers suggested he could be referred to by his initials, instead of his full name.

Loetscher and his lawyer did not immediately respond to an FT investigation.



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