managed to simply fake revenues thorson he's a peace partner companies played along in the manipulated accounting. 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 wockhardt. 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 2019 so those 19. is east dusty's a from soon swines to the really surprising things is that this mode of operation

involving on going to niles working on a lot of people never thought to say let's take a close look at the. zizi. and some john robinson young was why are cards official auditor at the time account. did they should have noticed this and. we wrote a letter to their auditors ian why 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 billions over a $1000000000.00 in an escrow account is very very suspicious you are.

why are copies and toys and the hope that 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. 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 knock the and really belong to wire cartridge why are caught on the skids munich homeless me 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 orders in the company for individuals whose position of functioning to vote i said we are going to write the biggest hardest toughest story where they will have to admit that they're lying

and that their stories a fake and their revenues are fake. we published this article and they could not get out of it we also published very unusual internal huge documents to show that documents were not fake and as a result of that the ice is finally melted. the condom on encounter 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 to also look different and we were convinced that eventually would collapse what was extraordinary is it took so long because the company fort like a rat in a corner. under much pressure from from shareholders of wire cart.

why are card hired k.p.n. g.e. . a big 4 accounting firm to investigate all of the allegations that the financial times had raised. to copy and he believed in almost like a given. that his one person if you take a p. and g. who they commissioned as a way of more good signs i caught them i am going to prove once and for all lilies insinuations are completely isis and i'm from least on this. so they keep him report that elevated 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 does marcus braun go to be a captain of industry and get out of this i just want to say i'm also. have to log

shake. you have to sell the company or merge the fraud into something so big and so robust. i mean hell up until the end they were talking about merging or buying out or doing something with deutsche bank. the slush funds if that sounded very concrete because deutsche bank was struggling and had problems anymore no one the 2 ish and of course why are cards idea was to prop up this theater of illusion to toy men perhaps also fulfill the politicians dreams of a major german financial player did on mitch mcconnell if they would have acquired deutsche bank or joint bank acquired them or they merge they would have accomplished the ultimate and there it is become something legit and then they

would have written everything off and gone off into the sunset is part of deutsche bank. something the forgotten the true for the good they have been cases in the past when fast growing companies with high stock market values have taken over well performing traditional companies . good for the good and the pundits who listened to me in the long. sometimes it went well and sometimes it didn't in this case i'm very glad the speculation didn't actually come to fruition that it's good for us to stop. when k p n g did their investigation they flagged the issue of us crap escrow accounts and at that time why are quite provided no documentation. people are going 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 into. this and that 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 on 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 put you have all this. 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 of june it became clear that either they'd get the signature now or aren't and 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. belongs bias when you see what yanmar charlock said and did it all seems incredibly not. if aunt and i don't buy up all the hotties you missed i think he wrote those e-mails to buy time signed excerpts to prepare his exit plan and disappearance or and and to pretend that everything was still find you know on the screen or don't feel because there were people at his throat and saying we need documents now paul who used to log into the home until. the moment before now i'm really no uro's on account for what are said to be in or scroll i found it was in the attic so i just put order to have doubts about documents regarding

a 1900000000 euros in escrow account they mind after the management board admitted that the 1900000000 euros missing from their books probably never existed the shed has been in freefall and 5. interviews i'm just in just a touch of if there are charges of organized fraud embezzlement incorrect statements and market manipulation in numerous cases in 15. lines of a nation i did think of. when i think of marcus brown and john marshall acreage i feel very tone in this it's week 5 if i had the chance i would definitely ask him in just a 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 coordinates and i thought it's all over. this is construct having the rug pulled out for money you fall into a deep hole mentally you don't even know when it will end with just keep your forward you don't know how you'll manage to get out again to all. men come to the are and then i have the lucky idea of asking the shipping company again

armed with a new the boss of the company said heiko i'm sorry but i have a real problem i'm broke and i need a job can you get me wrong i'm from a fellow my face with wild caught i'm lost 70000 euros and i have nothing left of his next no. by a compass and finance scum why a card is a financial scandal that must be investigated a dream but appropriate action also needs to be taken as a canal. if nothing changes he it would just have been a bad scandal and the real scandal will be our 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 all laugh 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 the whole they're all accountable. if they're in the midst of a let's see all new really mush i'm about to turn 68 and i'll have to keep going to seem to compensate for this loss of compensation come. because i'm too close far as i can see the politicians are for. titled complete. with. the. good. with. the good. with the.

africana. it's not a crime any kind you want. and is how things load from a stranger to natural founding member. as they provide information about fads lies in the cultivation methods. of a great save my name as the best say elf. for. 30 minutes monty w. .

it's an ongoing quest for a bit of. the arab spring began in 2011. people stood up against corrupt rulers and dictatorship. over these moments. have left the fox in my memory. they had hoped for more security more freedom more dignity. have their hopes been fulfilled. in years after the arab spring. or 1000000000 starts june 7th on d w. this

is deja vu news live from berlin as india is overwhelmed by a coronavirus cases accusations emerge so the government ignored scientists warnings about a new and more dangerous variant it's now being blamed for a devastating surge of infections and deaths also coming up. funerals resume in israel for victims of a stampede at a jewish festival calls for inquiry are growing as israelis demand accountability for the tragedy at a site with a long history of safety concerns.