tv DW News Deutsche Welle December 8, 2022 11:00am-11:16am CET
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in many ways, all of size has transformed the country, and we seem to understand just what that means for all of you out there. so do tune in on all platforms brought to you by d. w. with this is the w is live from berlin. the biggest financial fraud in german history comes to court in munich, 2 and a half years after the collapse of wire card prosecutors. i'm to prove that former executives work to hide nearly 2000000 euros in missing revenue. also on the program germinal authority to say that will make more arrests a day on
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a day after the biggest on deter operation. in decades 25 people remaining custody accused of being part of plans for a possible curb to president russian president vladimir putin. bulls are calling a more troops for now, but admits the war in ukraine could be what he called a long process. ah, i'm so gale. welcome to the program. the trial in connection with germany's biggest ever accounting scandal has begun. the former c, e. o and 2 former executives of wire card will take the stand in munich, accused of hiding nearly $2000000000.00 of missing revenue for the 2 years after the collapse of the high flying financial technology company, the scale of fraud has been described as unparalleled in german history this is the man at the center of
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a case that sent shock waves through germany's financial and political establishments. marcus brown, prosecutors accused the former wire card seo, and to top executives of orchestrating a massive criminal act to defraud investors. he faces charges including falsifying financial statements, market manipulation, and breach of trust. he's been in custody for more than 2 years. after its founding in 1999 wire card, enjoyed a fairy tale rise by 2018. the online payments firm had become one of the 30 most valuable companies on the frankfurt stock exchange. real out looking back, but very much looking at the future. and i thing that, that then i make of growth in the next 10 years. ah, will totally all perform of richie from last winners. rumors began circulating early on about fraudulent activity, but barely any one wanted to listen wire card success story was just too good. then
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in 2020, after an independent investigation, it became clear. almost 2000000000 euros had vanished from company accounts or only existed on paper wire cards, big deals, faked or staged. the one time darling of fintech filed for insolvency. investors last huge sums auditors and german financial regulator. baffin faced heavy criticism for ignoring early warning signs about wire cart bound denies any wrongdoing. he's instead pointed the finger at wire cards, a former c o, yan masonic who was reportedly hiding out in russia and wanted by german authorities on this loss hausa from dw business. who's a at the court in munich. oh, welcome laws. so what's happened? several or we do have germany as large as sir financial fraud in its history. so obviously we have an appropriately big trial
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here with a lot of public interest to there's a lot of media here, but also spectators. and in fact, so many of the proceedings had to start over an hour late because it just took a while for everybody to file in, including one of the defendants who came in with everybody else. where's the 2 main defendants? that is, sir. mr. brown, who we just saw in the report as well as oliver belen house, who was the head of the wire cut subsidiary in a dubai. they came in through a back door because they are actually sitting in jail already here in shuttle him. prison, which is the adjacent building here to the court house. so of course then of proceeding started with some formalities and with the reading of the indictment and quite an indictment. it is phil. i have it right here. it's almost a 100 pages long or so are quite a big document that they are going to read over the next couple of hours. probably all day. interesting here. how detailed it reports on all the fraud,
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how the company was billed, how it was all stacked, one company on another. and i would think it is really hard if you're to see all this company like in this case, marcus brown was how to pin this on somebody else or seeing as the defendant does. he did not know what was going on behind the scenes. he only learned about it all from the media, so it will be quite interesting the case to see how it will be brought to trial here and how it will be discussed. and we have one of the defendants absent at how significant is jan marcel ex, or the fact that he's not very cold. yes, he is. of course, the key person in all there says say, just said he is the one that see all. marcus brown says he did it all, and it is pretty clear that yes, he did, and bought a week before the company went belly up. he took a private chat to bella roost and fled the country. and now he is supposed to be in
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her russia. the german government, of course, wants to have him arrested, an extradited, which under the current political environment will likely not happen any time soon . of course, it is a problem that he is not there. the prosecutor came out earlier and said they wish he was here by the week just couldn't wait any longer. we need to get this trial started, obviously. and that it will make proceedings a lot harder because you have 3 defendants here. that will all say that a we were only involved like on the side lines. it was all young marcel ex, doing and without him in question or so to be questions. it will be really hard to figure out who did what and who knew what at what stage. ok, thank that last last hauser from dw business saying here in germany. more arrests are expected, after dozens were detained yesterday, following braids across the country. the targets are suspected supporters of a far right movement,
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but rejects the legitimacy of the german state countries. federal prosecutor sat, the conspirators had fantasized about forming a new german army and installing a minor aristocrat asset leader of the country. it's the biggest anti terrorism rate in germany in many years on wednesday morning, some 3000 police raided around 150 properties in several german states and arrested 25 people. all of them suspected members or supporters of the so called high school go movement, their goal occluded, time germany. they wanted to overthrow democracy at young diesel or perking the olympics with t from us. now we have these groups in our science prison several months now. this year about how much darker house because of the mounting evidence. so our credit plans were a violent overthrow, mid muffin, and that to me with the usa, westwood, and some very shortening at our was time to bring in the police and also a prosecutor. since i poked the good talking to muslim,
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german authorities say that the network was made up of both political and a military wing. they had planned to invade the german parliament and use violence as sir dr. essex lightning up to the epistle of this debtor perspective. david association, we saw here gap, and they were being planned for conspiracy. teddy, isn't he that we're not harmless? elysa, because in addition among these associations, there was an arm to wing in and among right spirit. the affinity to pippins is a given suzette. this gap has and is, are fining often behind buffet and am. if they had succeeded. this man was to become the new head of state highly voice, a descendant of an aristocratic family from eastern germany, who still uses the symbolic title of prince hind. rick 13th, the entrepreneur, based in frankfort, was named as the ringleader. the group plan to install this woman as justice minister bergan my zach vancammeron was a member of the german parliament for the far right alternative for germany party
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until last year. she then resumed working as a judge at her berlin court. earlier this year, efforts to remove her from her position because of her involvement with far right extremists fe. but the court confirmed that she was released from her duties on wednesday. the heis burger afar, right extremist, deeply, anti democratic movement. its members reject the german state and its democratic system and are prone to violence. german authorities estimate that the scene consists of some 20000 people will take a look now is the war stories making the news across around the world. new protest in iran have sprung up in the center of the capital tack rug. a video is posted on social media, appear to show shots being fired me as are the square. rest comes as again in state media and i was the 1st execution processor had taken place. spanish official say 28 migrants flood plain in barcelona. when it made an emergency landing. pregnant
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women on board had apparently pretended to go into labor play and had been flying from morocco to turkey. please say they detained, half migrants, and 8 will be deported to time magazine is named vladimir, the landscape, what it call the spirit of ukraine as its person of the year magazine said it was all agreed cranium president for his role in leading his country's resistance against russia's invasion, met. vladimir putin has acknowledged that his war against you crane could turn into a long term process. the russian president was defending the conflict with personal human rights council after the cranium. military allegedly carried out a series of drone attacks against targets deep inside russia. was to put in added that he would not mobilize additional troops for now, despite setbacks on the battlefield. like many parts of
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eastern ukraine, this farmer's field is now a battlefield. despite recent gains by keith soldiers say an influx of russian reinforcements is halting, their advance or slang and shuffling in enemy has become very active. their attacks have intensified. the aviation is more active. they are continuous air intelligence mission scott, thing i'll positions were shelled all day yesterday. there. unmanned aerial devices were in the air all day. we're in nearby villages. people have been living without heat electricity and water since the start of the war. more than 9 months ago, people jump every time a missile, strikes you to little sometimes it's really bad. sometimes it's so scary. the whole house is shaking. it appears her village will remain a war zone for many months to come from. a cited in an addressed was human rights
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council, which led him, you're putting warned of a long conflict in ukraine the way we would easier, especially that almost mistook for our part that can only be one response fighting consistently for our national interests. and so we'll be doing exactly this, but we didn't, nobody should ever count on anything else ah, for russian troops continue their war. ukraine is gathering evidence, including thousands of munitions, experts hope they may 1 day be used to help bring the russian leader to justice. britton's royal family's pricing for a netflix documentary series on prince harry and his wife megan, a coupled known as the duke and duchess of sussex are no longer serving members of the royal family. the 1st episodes debuted a few hours ago with expectations of damaging claims about british royal life. it's
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really hard to look back on it now and go. what on earth? happy. the netflix dark, you series harry and meghan promises an unprecedented look at the life of the duke and duchess of sussex. a suitably dramatic trailer in which prince harry draws comparisons between megan and his late mother. princess diana sparked mixed reactions ahead of its world wide release from many royal fans were eager to hear their story. others annoyed at more complaints from such a privileged pair. i was some called out discrepancies. in the trailer footage, the royal family was reportedly bracing itself for further revelations. megan marshall's marriage to prince harry in 2018 was dubbed a modern fairy tale and hailed as the trans to modernize the monarchy by welcoming a multi racial woman. but already during their courtship, the couple complained the american former actress was frequently the target of criticism in the british press. in early 2020,
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they stepped down from their role as senior royals and moved to north america. an explosive interview with talk show host oprah winfrey in march 2021 stirred controversy even further. a couple claims of mistreatment and racism sent shock waves through the british royal's leaving harry further estranged from his family. the last time they were united was for the funeral of their grandmother, queen elizabeth the 2nd, last september. shortly thereafter, harry and meghan announced the release of the netflix documentary part of a deal with the streaming platform worth over $100000000.00 us dollars. no one knows the full truth. we know the full truth is remind of our top story a best our, the tribe in connection with germany's biggest ever accounting scandal has begun in munich. why cards form a, c, e o? and to former executives will take the stand accused of hiding $1900000000.00 of
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missing revenue. and more arrested, expected, after dozens were detained in that nationwide rates in germany. the far right suspense believed in plotting to overthrow the government and to install a new head of state a set you up to date. i'll handle world news at the top of b r i d w business. a said just about the deck with the melting.
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