under the eyes of bafin, we saw the biggest stock market scandal in recent german history as you have explained to your listeners, bafin was more busy pursuing journalists who wrote about dodgy business practices >> some are calling it germany's enron. others are saying the current moves have to be quickly. the future form of the regulator has to have some real power to also go into the companies and have like the possibilities to search companies, et cetera, which is currently not the case. we have one of the lamest so to say, regulatory powers in europe i guess this is bound to change and most likely the germany system needed a wake-up call until then, there was no power with the regulator and also apparently no interest in the way they ordered those companies. thought fully i would say. and that, back to you. >> thank you very much a warning that the airline will slash 3,500 jobs if they refuse to take pay cuts demanding the best paid captains take a 10% cut and lowest paid flight attendants take a 5% reduction. ryanair will fly more than 1 million passengers this month as it resum

suspected fraud, market manipulation and falsified accounts the head of germany's financial watch dog bafinas continued investigation. a raid suggests they are gathering evidence what do you think they are looking for this time around they are probably looking into the road this action will be playing. it is an interesting accounting structure. wire card bank where investigators most currently are is not part of the insolvency access with cash just going away the bank has to liquidate as well they should have accounts for the third party business that's crucial here lies the fraud. nobody knows how much of that third-party business were existing or whether there was some round tripping as they call it to inflate revenues between the other parts of asia. this is what the prosecutors are looking at most likely they are searching for evidence at the highest management level and ceo have all colluded to make that happen clearly, this is a big question mark here. who did know about everything because someone must be in the know inside wire card. that system had been in place for years. looking a