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tv   Markus Lanz  Deutsche Welle  May 1, 2021 2:00pm-3:01pm CEST

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world stand today. 10 years after the arab spring. rebellion starts june 7th on d w. this is deja vu news live from berlin india reports of another record rise in corona virus infections and plans to begin vaccinating all adults are in disarray some states have no shots to offer a population swamped by a devastating 2nd wave also coming out friday's massive car bomb in afghanistan claims more victims violence across the country is on the rise as american and
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other nato troops formally begin their withdrawal. raping for science a chance for young people in liverpool to finally get out mix it up and dance with scientists tracking every. nick spicer welcome to the program. india has reported a staggering 400000 new corona virus infections in 24 hours after a week of record breaking numbers saturday should have marked the start of a vaccine rollout for hundreds of millions of over eighteen's in india but most states are not taking part because there are not nearly enough vaccines to go around. it's their best hope of surviving the pandemic.
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queues are long and supplies are short only around one in 10 of india's vast population has received their 1st jab. in mumbai vaccine centers are closed this weekend because of the shortage those who do get a shot know how fortunate they are. feel the industry went to. school my house my family when i grew up there and i agree pretty wanted to get her. own place completely there but it will include her great even if we get in place we recovered from the mississippi now to get the vaccine shortages are just one of the many problems india is facing people are desperately hunting for oxygen and medicine emergency rooms are closing their doors to new patients. several accidents in
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hospitals have also killed dozens of people on friday a fire tore through an intensive care unit and goodreads state. crematoriums are running out of wood for the dead for those who have lost a loved $1.00 to $219.00 there is no dignified way to see goodbye many blame the government. i don't think you live in the big figure mode your view should be of the nation for somebody to be cheated you don't feel and have been given the respect that it began to i. was god i didn't know you don't study who was going to lead everything. by. an international relief effort is underway to help india fight its devastating 2nd wave. and for more what is on what is obviously
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a very heartbreaking situation in many instances we can speak to journalist jyoti out of the website the prince and she joins us from vera nasi in the state of her pradesh you've been speaking to people last few days there and very nasty one of them in telling you there is helplessness there is anger there is any lish and there's a feeling of abandonment people are coming up the oxygen cylinders and besting lines they are all dirty could decode but their best being conducted and by the dying they're the old guns they are already dead so right now in what i don't see that ambulance is there is a line and the crematorium ground and is a call would come on sandoz which is functioning country for hours and the not not at officers then on setting calls every minute or so and this is how what and she and i don't see is dealing with the 2nd goal would be and i understand the virus is among the worst affected districts instead of apart ash what why is that. so
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the state and the election commission they conducted. it's a local body election they conducted for the soul a little for all you know all of. who what all you know right now in other states they came back through their home districts and what i'm seeing a little soul a lot of migration from other states then that was then there was 40 and then cities like that then cities like mumbai and. so many of them lost their jobs then they came back to the home so what on z. and this has gone tribute to the rising a little full of cases in this district. and can you tell me a little bit more about how people feel about the government's response so they are feeling helpless there's nobody to help you know oh the head of there's no accountability as such there's
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a lot of well confusion on the ground will do paul what is the headline what is it the see a c.m. more responsibly full dads all of the district mr mr all of the naacp and all of the naacp and all 1 every day all of the n.p.c. all so there's no you know there's no fixed accountability and i know some people are very very angry but they have not been pointing you know up to someone particularly you know all of this person has messed up all of this because but they are saying what they are saying that you know odd leadership they want them to make that is in those states and to completely you know missed the point and it is not only because i was joe's outflow there is no beds available in the city but on sea and those who are living in villages they cannot access of bed and they are simply dying all right a horrible situation journalists from the web site the printer and say thank you so much for that thank you. time now to take
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a look at some of the other stories making headlines around the world from monday australia will ban anyone who has recently been in india from entering the country including its own citizens and residents rule breakers face fines or even jail time the government says the move is necessary because of the skyrocketing number of infections in india. israel is bearing the 1st victims of its stampede at a jewish pilgrimage site at least $45.00 people were killed and many more injured at the ultra-orthodox celebration of the omer holiday at mount iran israel's prime minister has promised a full investigation the event was authorized 410000 people but local media say 90000 attended. the u.s. defense department says it is canceling military funded contracts for the mexican border wall the trumpet ministration diverted billions of defense dollars to fund its construction but president joe biden has said he will not allow another foot of the wall between mexico and the united states to be dealt. a car bomb in
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afghanistan has killed at least 24 people and wounded more than 100 others including children most of the victims were students staying at a guest house while preparing for exams no group has yet claimed responsibility for the boston logan province which struck as people broke their fast during the islamic holy month of ramadan. the attack comes as the u.s. and nato begin formally withdrawing troops after a 20 year war with the taliban. western military involvement in afghanistan began nearly 20 years ago when u.s. led forces went in just days after the september 11th 2001 terror attacks. the mission of the u.s. and its allies to make the world safe from terrorism by removing the taliban which had allowed osama bin laden and his al qaeda network to operate from afghan territory. the taliban regime was quickly overthrown but it peace in
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afghanistan has proved elusive. with international assistance a civilian government was set up in kabul led by president hamid karzai. but the taliban regrouped and began carrying out attacks and regaining control of parts of the country. despite a peak of 140000 nato troops in 2011 international and afghan forces have been unable to defeat the taliban. in 2014 nato ended its combat mission and transferred security control to kabul since then nato led troops have helped train and assist their afghan counterparts currently about 9500 international soldiers remain in the u.s. which supplies the largest contingent has announced it will complete its troop withdrawal by september. patella bad have sought to negotiate with the afghan
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government but so far talks of stalled a recent u.s. intelligence analysis concluded that the kabul government would likely struggle to hold the taliban at bay once foreign troops leave the country. and for more on this i'm joined by roxana poor a journalist in london but formerly based in kabal where she worked for the united nations as well with the troop withdrawal how likely is it that the taliban will return to power. well i think the hawks still believes that the current taliban can only crimean stand pressured. by their allies. to come back to the negotiating table and to try and. and the goetia piece of this deal is the hope that many people are hoping to buy and that feels and the in the are. that this is looking increasingly likely then i
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think that we're not looking at a situation where. we're on the 12th of september after the u.s. the trot that the afghan people will see. levels of my land. the possibility of civil war obviously in terms heavy and in the distant horizon. and the question is any indication maybe the fall of the government not in the immediate term and as the american and other nato troops withdraw do we have any indication of what public opinion is are on this move. well i can i can i can tell you that my friends and contacts. are. are opposing. in an arrival this day with a quite in could it be and the and trepidation of course so much as one fear and you know the when it comes to things by those rights of women. you know honey on to
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when we went after her and have achieved over the last 20 years there's a there's quite a bit about it is i am talking to some people who are saying now. in the people who are to be coming that you know it might just be one of afghans need to come together and some sort of an internal consensus to move things forward ok roxana ship or from london thank you for that insight pleasure thank you. argentine football icon jayco meridor his brain surgeon and the medical staff that cared for the late legend are under investigation and could face up to 15 years in prison experts investigating the circumstances of marathoners death included that he received inadequate medical care or donna died of a heart attack last november at the age of 60 just weeks after undergoing braids for brain surgery on a blood clot. for most of us parties have been out of the question for
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a long long time but in the british city of liverpool a change this week after more than a year of club closures 3000 people were allowed to pack a warehouse for a rave the pilot event was designed to study whether coronavirus restrictions can be eased without triggering new outbreaks of covert team. it was a big day for britain's music scene. it all of us are excited we're all on the verge it is ready to do what i want to see. so we're just ready for. a little bit overwhelming because we haven't been around this many people in so long just it's weird to get back into excited excited. the revellers how to test negative for coronavirus twice ahead of the event but once inside take a party without restrictions. he's been so
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fit if this happens everyday didn't feel like we get this again this is yeah i've been on this ride feel that way it's me but there are so many people. without ma su with all salty diesel so so long as it feels amazing. scientists are using this trial to test the safety of large gatherings on advise and on the movement of the crowds and air quality inside the venue britain has vaccinations more of its population but any other country in europe on the hope is that with the help of experiments like this the hearts his offense sector will soon be back in the groove again. as you're watching news here's a reminder our top story is india has reported
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a staggering 400000 new corona virus infections in 24 hours to a week long streak of record breaking numbers to battle the devastating 2nd wave saturday's should have marked the start of a wider vaccine rollout but many states in india do not have any. you're watching do you news from berlin coming up next documentary a look at the scale and scope. outing a failed german online payment provider wire car a mix pfizer better watch. in mexico many portions of homeless us thrown out in the world climate change a different office story this is one plastic waste from just one week. and really just. we still have time to ask i'm going. to.
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see a get out that the ladies and gentleman i would like to issue them a following statement on behalf of the board of wire card. i think i watch the video i think i've washed $120.00 times it's come down to the cannot be ruled out that the wire card may have been the victim of fraud on a grand scale because she ticks people and you knew these guys were were done. thank you. i just laughed i was happy. why are card shares are crashing listed why are thinking in a target there's a good and it services provider liar card tom it's a mixture of crime drama and options for us and this man except. this.
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was like being punched in the stomach. it was like finding out after 30 years of marriage that you've been cheated on for 26 months it's quincy shunned torn. up by garage our very homebody and more current than i could ever imagine. well i felt on top of the world i've never been so happy. when we would go out how really hit me i had to fill myself up was rubbish so i could sleep it's a disaster because. the spine of this was terrible news for germany's financial sector and for the investors by a cop wire cardus by ruth that nothing in life is impossible the unthinkable can happen. even. as the.
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men know my name is paid to have a role i am the actual inventor and founder of wild card owns it's basically my brainchild of all. things for my to move similes came to me 997 which made it as i was sitting on my couch with a glass of wine weevils and asking myself was quotes the next big thing. and then i started thinking game in time and transactions there is always a custom out an event that if a towel never know what trust each other got almost different my dear of the time was to create a trusted mediator states to ensure that the payment is processed and also the product is delivered to give it. that was the idea of what caught. my. eye was
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usually a good seamless but i soon realized that if i wanted to go pick those 2 i definitely needed external investors of this one. so i started looking for song. 2000 and in 2001 there were 60 employees it was caught and office had to films with a certain pride like watching a child grow. so many moving pieces a company was looking for a technical director back then a certain mr marshall a complied and in the interview he made an open sophisticated impression typical viennese human isn't. extreme he was extremely friendly with a great presence was he just always in business i kind of wondered at the times and seeing this 19 year old with no high school diploma was is all this stuff a signing really credible state of health. and this was the key thing here
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has disappeared in the multi $1000000000.00 wired card account think and they would have wired cardboard member jaan marshall like maybe an bellows groups according to media reports for get it out in the philippines corrupt officials helped cover up for mccool which meant a mushroom extract. my name is mark hold us some people would say i'm retired but i'm a rustlers soul so i do a number of things one is i raise chickens i also grow fruit. but most people know me for shorting stocks finding and rooting out corporate fraud and exposing rascals in the marketplace both in the united states and abroad.
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well people don't like short sellers it's not just a german thing i myself am. hated in canada i was hated in brussels. well short selling is a part of financial markets. and we have the possibility to restricted at times when that makes sense of it often involves very profit oriented speculation. but that doesn't make it completely unreasonable. in xinhua. site i wasn't the high but when i started working at wired card in 2003 there was a relatively small number of employees sascha the company's core business was payment processing like today. i described this concept online pain and once online payments got started of course the areas of pornography and online gaming really took off gaming god or at least as far off
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and wild cards main business was in those areas caught bhagavad often does invites a film it's a little isn't and i had this as writers for children 2003 i had a 2nd job interview with marcus brown on i didn't want to arm them all the foggiest in which i was asked whether i would have problems dealing with adult entertainment content and i was in washington entertainments a short introduction to myself i did see of what occurred since 10 years why a card just the way they are my payment processing company doctor product of rome came from a renowned management consultancy 3 years accordingly he was quite standoffish the uneven off the water card was sold he switched to the board of directors and continue running the new wild card. the i am just an army doctor marc was last night we arrested dr marcus wound and we
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are now investigating suspicions of false statements and market manipulation of debt. that you must lie and this and i am talk always seemed like you 2 films above everyone else i am i 70 oneonta weeks and had all these big visions and ideas that tended to surpass every day nancy c. of i make fun and down on my lead teeth i really figured that one of the most beautiful our minds. mankind is that we tend to think abstract and that we can think about the better way to do things. to me for me personally why a cart was like a 2nd family tree minus 5 i mean. this one can't come from the start it felt a bit megalomania and huge for us and he wanted to take this company on to the tax
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mission. so if you start your base business doing payment processing for porn and or gambling it shows the world that you have no boundaries of doing things and as you grow you get a stock price then you can wrap a label around it like fantastic i could have a wife a horse and paint black stripes on the horse that's just a white horse or black stripes it's not a zebra right and i could go and sell the horse is a zebra and i can say this is a zebra hey all this is is a white horse with black stripes. young sialic on marcus hong of on young mushnick and marcus brown had to teach people
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kind different nations right from the beginning to know. helicopter i'm just a machine and had a lot of technical savvy and new point was going on. instinct a scene homs if i had a cynic might think they complemented each other very well on the path the company took film all the norman hot. mysel acknowledged as unstamped mr musharraf was a very friendly approachable person one of. 2 hosts my opinion i know don who was often happy to chat with the employees. in midtown right on monday tuesday and starr i knew he was there and that he was responsible for the a ship business but that was all this.
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young mas of a couple probably led at least 3 lives at once if you look at what he was on the wire cardboard and had to make a serious impression he was unmoved too and he was responsible for the age of business where he was probably the driving force behind the accounting manipulation he told the cop and then there was the 3rd martial ecma sonic he boasted about being a secret agent but it was probably more than just bragging about private. funding strays a pregnant number short seller. by those companies that have irregular
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accounts of not an issue. where they don't disclose all the problems all the elements of the business to the investors or the public. we basically bet on the share price going down if we're wrong it costs us i looked up a lot there yet you go back to 2 pounds of wire called going down your back to millions . i have heard of why a card to. july or august a company breaks out early 2050 and then someone said. but there are a should not precious are expanding and we don't know why i think it curious start . with why we spend thousands of hours researching it. so we've published
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a damning exposé $112.00 pages we coded zaatar a research and investigation. oh it was a complete fraud involved people said that we used the word for or too much in high so i think we didn't use the word criminals enough and it was back on. our target price for the stock was a completed not a 0 you can't go below it was a complete don't know a 0 it was worthless. like with india so a company has been for sale for 2 years g.i.
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retail for 2 years so g.r. burrito day travel toryism and the congress the prices come down from 70000000 to 50000000 to 40000000 to 30000000 it was for sale and made to me jury of why a card board that they sold it to why a card and why i can't go along and pay 340000000 there was just no way in the world i could get my head why you would even buy the business. via cards from long it looks like wire card had long not been profitable and its core business in europe had been losing money on just us and that they covered it up through manipulated accounting money pulitzer one. d. from his c. assumptions is that it began with acquisitions in asia ozzie. for instance a payment service provider in india with not much behind if you talk to the kid
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camps. 314000000 for a company that badly by did darling. they presented these are estimates as very valuable in football they cook their books through acquisitions of asian companies nobody had ever heard of here in the india kind of content it was the biggest indicator that if you can add up 340000000. houses really that. this is much to do even if this hadn't of acquisitions continued through the entire story there was then a big a takeover was a case where they forced a package of companies from india and singapore the payment floats with funding the richest fold and it is unclear to this day who was behind it interesting. to talk to the traditional it's so there is reason to suspect that money might have been misappropriated by people with connections this was why i don't want to call
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it. i thought there was an adult. that would actually pick the reporter up and go through a kind of it's very dramatic if you want to call it up to get the drop on a sit down and i'm going to testify. to the tone of the report was perhaps sometimes a bit shrill in form or not every bit of information was 100 percent soundly researched but the core of the story was correctly with fish dish well after. nothing there. no they persecuted me market manipulation work was manipulating the market. the criticism was why did you to anonymously hello we don't want to die all that subset
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what so he would follow it said ploy of follow critics break it to them 3 and a half years later i've got 5 codes from jessica holy smoke crazy. a full load for weeks they simply have to. shit they go play dead they took pictures of me in the afternoon where they've been following me for weeks at a run by the former intelligence officer of libya. we would get in cyber attack act. of cruelty show cellar door spotlight. the room. so much that i'm stefano mr leno and i work in radio calabria as a deputy prosecutor.
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sort of took over the gambling operation was very complex but i think about a balance and raids were carried out in the gambling halls and betting offices all across italy years into they died in. the you. mean that too not just for the old man the investigation revealed that the s k s 365 betting office he had collaborated with organized crime and various regions but he joined. before them he worked with the mafia and sicily what do we need more than drugs get and calabria that i'm good and calabrian soccer corona onita and. misuse them and using a bike is a system of s.k. yes was money laundering vishy lecture it was about injecting profits from 2 criminal businesses the into the normal what kaname they going to get you to feed
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deity to be closer. to. what if they want to live by wire card was one of the banks used by criminal organizations to deposit the profits that they had made through their illegal business even if you do you really don't know that was the deal. did not surprise me at all when reporting came out of wire cards usefulness to the mafia. my name is tommy could hear and i'm a hedge fund manager here in new york i run stock a capital management which is a short only hedge fund. in our firm is named after the ancient egyptian goddess stuff cat. soft cat was the goddess of knowledge
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mathematics accounting wisdom which all seem very perfect. i love short selling and that's how i want to make money. well back in 2017 we were preparing to launch in january and we wanted to have a good pipeline a healthy pipeline of various short positions where we had conviction the price will go down. our belief and every piece of evidence that we were able to collect over the last almost 3 years pointed towards wire cards being a massive digital launching that. we're going to name and while companies like why are card are at the forefront of digital business traditional banks are lagging behind was the command's bank now fears losing its got on the dax due to its low stock value and why a card might take its place let me say of course for jackson if we move to my store
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to become part of the. 13. i pod why accommodates well you just have a 20000000000 the euro's a little less than 5000 employees the company has achieved a gigantic stock market 5 years often. more vicious not to become the biggest tax company. in there not to jump on vanity i bought 520 share that's equivalent to 72000 euros. and then 67 years old i'm kind of going to say for that here yes.
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i've spent most of my life basically seem to should also if. i had saved up some money during that time and i didn't want to simply leave it in the back so i invested it in want to call it once the name but it worked out of this the other. is how to just get through i felt the with those 70000 euros i really had something to use this is because security on most of those i wouldn't have to watch every year an old can or will it was a great feeling as washington is different. in europe to such a sensitive story and we wanted to get it right we waited more than 3 months before we finally pulled the trigger. my name is lionel baba i was the chef
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of the financial times between 20052020. we got a tip that in singapore there was an investigation internally into whether why it caught people in wa caught were inflating the numbers so we went to singapore we talked to whistle blowers who gave us documents old that was in january february 2019. cod was the biggest story that i've ever done. that i do believe according to a report by british newspaper financial times the shares recently had quite some turbulence germany's financial services regulator bof a has been conducting routine investigations due to the enormous fluctuations if not bof a never asked to talk to the reporters they never asked to see any. material nothing
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then we read in the newspapers that buff and had opened a criminal complaint against 2 of our reporters for doing their job. now it is true that some short sellers bets against the stock but that is not illegal what i don't understand is how baffin thought that we were conspiring with these people. i have literally no idea what baffin thought they were doing there was also an unprecedented ban on short selling. the finances of st louis financial regulator is investigating whether speculators who make money $3.00 for $1.00 price is on. a shift and has announced phantom short
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selling a whack auction yes my father bought and did he have to endure box office reaction really soon confirmation for the employees that all these rumors must be unfounded strom's i am come to you buff and often reinforced my belief that everything was just fine. i was driving back from santa barbara with my wife when it happened and i i actually couldn't believe something like that would happen i've been doing this for 5 decades and in all my years i've never seen a single stock short sell ban imposed by a regulator. i thought it was beyond strange and a sign that things were terribly wrong. we needed to defend ourselves and potentially convince boston to remove the ban and then. the
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other issue was that part of why are card success was it painted hedge fund managers and short sellers as we were the criminals and we were just these these anonymous unknown figures with moving lots of money i thought that because of that it made sense for us to put a face to the short sellers and to save we believe that this is potentially a money laundering scheme. the 1st interaction was of course on the public letter we had published to often regarding the short sale. interesting we just a few weeks after i had submitted that letter to boff and i was going to be in germany and i offered to meet with often in a confidential setting to share the information and to be
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a resource to them and they of course refused the meeting. 3 years we have heard the prophecy was acting against journalists and short silence from the beyond our meager force at least until june 2021 we never heard that profit was also looking into other matters for instance a potential market manipulation by wire colors and signs why are caught. up distrust the order was in fact given to also examine why a consequence in light of this press coverage wish to stop to put your name. your 1st got out of public didn't hear about this because they probably wanted to prevent any details from escaping that would harm the company's reputations and names the ski pentagon suffice for this t.v.
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there is. a whole range of rules it was strictly public reporting in order to protect market confidence and as for tom schultz is. often not involved often actually misled the market through its behavior allowing wire car to keep quiet money as this meant across stores had one more year to lose the sinking ship if they raked up another 1000000000 up and that has now ended up somewhere he gets on the street. we were terribly concerned that while a card was trying to infiltrate us. down mccrum put in particular who was the lead reporter was sure that his email had been kept. he also thought that he was under surveillance. we discovered an individual hiding under the bridge with
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a highly sophisticated sound equipment camera focused on my office. so we took extraordinary careful measures to insulate down mccrum to keep out information secret documents and very very watertight so the next piece in the puzzle was to investigate who these 3rd parties that wild card was dealing with. we knew from our information that a lot of the revenues and profits was derived from. they had some funny names. pay a lot and things like that while caught why are cards and we need these companies for instance because we lack the license to make certain payments and those particular countries and that's why we're by. because they have
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a license and they're anchored in the local market foreign called macbean and says i'm going to get there with them why are card obviously manage to simply fake revenues. he's a peace partner companies played along in the manipulated account. and one of the places we went to was the philippines. we actually went to the place where this company was supposedly registered and we found an old seaman he didn't know anything about lockhart. we went to another address and it was a bus company. view this as capital market speculation just like previous articles so 1st because we feel we can leave the whole issue behind us now and focus on a very strong 2990. is
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used dusty's of from tunes fines to the really surprising things is that this mode of operation involving on going to niles working news if you and a lot of people never thought to say let's take a close look at this. this is you do it you should. run some junk i'm still young was why are cards official auditor at the time account again they should have noticed. we wrote a letter to their auditors e n y highlighting a lot of stuff that the financial times came up with and some basic accounting things why this thing should be looked at that the numbers make no sense that the cash isn't the cash why are card never really gave a good explanation of why they needed as cookouts and for. that to have
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billions. over a $1000000000.00 in an escrow account is very very suspicious you want to. buy our copies and toys and hope that's what did wire card claim it needed this trust account for. because it was supposed to hold money that belonged to wire card and wire card needed it as a safeguard for business partners in asia with which wire card was allegedly processing payments. is often vasan so it was up to ernst and young to check whether the money wire card claimed to have been in escrow account in singapore a really existed lock and he really belong to wire cartesian wire caught. me a calmness me gave him and i basically feel like any other citizen of this country this is you know i really can't understand how that went on saying in the audit that was informed regularly and normally by the audit same company for individuals
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whose because a shift under started to do what i said we're going to write the biggest hardest toughest story where they will half to admit that they're lying and that their stories a fake and their revenues a fake. we published this article and they could not get out of it we also published very unusual internal huge documents to show that our documents were not fake and as a result of that the ice is finally melted. condominium can often isn't there you could read how wire cards cooked the books and it was quite sophisticated and difficult to grasp. and so unfortunately it was an intelligent model for cheating which is unfortunately why it worked for so long had said i'd also like infants and we were convinced that eventually would collapse what was extraordinary is it took so long because the company fort. like a rat in
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a corner. under much pressure from from shareholders of wire cart wire card hired. a big 4 accounting firm to investigates all of the allegations that the financial times had raised. their copy in the british stand off talking given. to his personal views the k.p.n. gene pool they commissioned as why why a good hard science i caught and why i'm going to prove once and for all lily's insinuations a complete. and i'm from least on this. so the k p m g report that they did all of you pinions that critics of wire card journalists all had and that was that it's impossible to solve frauds always look for an end game what's the end game here what's how do we how those
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markers bron go to be a captain of industry and get out of this i just want to say i'm also. how to log shake. you have to sell the company or merge the fraud into something so big and so robust. i mean how up until the end they were talking about merging or buying out or doing something with deutsche bank. that sounded very concrete because deutsche bank was struggle and had problems in moldova on the tradition and of course wire cards idea was to prop up this theater of illusion to toil and perhaps also fulfill the politicians dreams of a major german financial player did on mitch mcconnell if they would have acquired
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george bank or doing bank acquire them or they merge they would have accomplished the ultimate and that is become something legit and then they would have written everything off and gone off into the sunset as part of deutsche bank. something the foregoing had truthfully could have been cases in the past when fast growing companies with high stock market values have taken over well performing traditional companies. contribute in the do too little don't even belong. sometimes it went well and sometimes it didn't in this case i'm very glad the speculation didn't actually come to fruition before to start. when k. p. and g. did their investigation they flags the issue that's crap escrow accounts and at that time why are quite provided no documentation.
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on the transfer of the alleged escrow accounts from singapore to mr tolentino in the philippines it happened at a time when k p m g was already conducting a special audit intended to investigate precisely this asia business and the escrow account was it a. couple of geno's and mr tolentino was a lawyer who had mainly dealt with divorce and custody disputes so there was no apparent reason to entrust 1900000000 euros to a single lawyer like him as a trustee clone a smile i think they switched trustees out of panic because they knew they were really cornered now the point had been discovered where there really was manipulation going on and money pretty avoidant is. to be legally compliant why are card had to submit an annual financial statement for 2019 approved by their auditor by the end of june 2020. the month
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of june it became clear that either they'd get the signature now or arnstein young would get serious and say we're not signing for $29.00 chain and for a publicly traded company that's basically a death sentence. but when the bias when you see what yanmar charlock said and did it all seems incredibly now. if aunt and i don't buy up all the how to say you must i think he wrote those emails to buy time saw and exit to prepare his exit plan and disappearance orange and to pretend that everything was still fine you know honest can or will really because there were people at his throat saying we need documents now paul us with the large but the woman took. a moment to point out i'm really not
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euro's on account of what are said to be in or scroll icons and it was in the attic so i just put the order to his had doubts about documents regarding a 1900000000 euros in escrow account. after the management board admitted that the 1900000000 euros missing from the books probably never existed the shed has been in freefall 55. inches on does indeed the touch of a fair are charges of organized fraud embezzlement incorrect statements and market manipulation in numerous cases in 15. years of in mission i did think of. when i think of marcus brown a man marshall lake which i feel very tone in and said speaks by if i had the
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chance i would definitely ask him why. should it and i just want to know the truth and who knows. i deserve to be asked only this time and dedication not devoted to one account. should if i had cut. i was sitting out there in the darkness and i thought it's all over. this is like having the rug pulled out for money you fall into a deep hole mentally you don't even know when it will end what and just keep
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forward you don't know how you'll manage to get out again dollars for. an income did you and then i have a lucky idea of asking the shipping company again or i knew the boss of the company i said hi code i'm sorry but i have a real problem i'm broke and i need a job can you get me wrong from a fellow my face with what i caught i'm lost 70000 euros and i have nothing left for business now. cut aside from one scam to why ecod is a financial scandal that must be investigated and deem but appropriate action also needs to be taken to canal. if nothing changes he would just have been a bad scandal as well and the real scandal will be al failure to grasp this opportunity to implement the necessary reforms not the new form often to bring why are hard is not the 1st german financial scandal i don't have much faith in olaf
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and i don't have much faith perhaps in the politicians who are now suddenly up in arms about why or part i hope that the public forces these politicians to take necessary actions and further to to hold them all accountable. if they didn't miss the let's see. i'm about to turn 68 and i'll have to keep going to see to compensate for this loss of compensation from. to use them to cause far as i can see the politicians are for. i felt completely. willing. to lose the little good. the little and the a. player in the last. century
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this is the deja vu news live from berlin india reports another record rise in corona virus infections and plans to begin vaccinating all out adults are in disarray some states have no shots to offer a population swamped by a devastating 2nd wave also coming up. friday's massive car bomb in afghanistan claims more victims violence across the country is on the rise as american and
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other nato troops formally begin their withdrawal. or even 1st.