![]() Apparently, this hasn’t deterred the bank. Even then there were indications that Wirecard was involved in funding porn and gambling. In the parliamentary committee of inquiry that dealt with the bankruptcy, he later stated that the credit had been granted and that further analysis by the fraud department was no longer “credit material”.Īcting Consciously with Integrity: This was what Commerzbank’s code of conduct required when it granted the loan. He asked Wirecard Discussions also followed at executive level, but Wirecard downplayed, the loan was approved, including by Marcus Chromik, Chief Risk Officer. The bank called its anti-fraud department to investigate. When the matter became known shortly before the loan was granted in 2018, Commerzbank suspected the fund in Mauritius was being used for the self-enrichment of Wirecard’s management. ![]() The fund, in turn, sold the company to Wirecard about four weeks later for € 315 million, a completely unusual increase in value. , after earlier Jan Marsalek, having been on the board of Wirecard, had had contact. At that time, an Indian sold his company to a newly founded fund in Mauritius for € 35 million. Not only have the authorities and auditors failed: Wirecard could have been caught sooner if the banks had also seriously followed the warnings.Ĭommerzbank’s fraud department was on track in 2018: incidentally, they suspected a Wirecard transaction in 2015. ![]() When Wirecard went bankrupt in 2020, the money was gone. In the spring of 2018, Germany’s second largest private bank even organized a € 1.75 billion loan from 15 banks, to which it contributed 200 million. Commerzbank has long been one of Wirecard’s most loyal supporters.
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