Concerns over u. S. Intellectual property what diplomats sensitive documents. Who were in dire straits now were breaking point. Restaurant owners in south africa protest the coronavirus lockdown restrictions devastating their industry and they accuse the government of failing to provide the support they need to survive. Find a welcome to the Program German prosecutors say theyve arrested the former chief executive and 2 Board Members of the payments processor while as part of investigations into announced fraud marcus brown and 2 other Board Members were detained in munich investigators say theyre suspected of faking income to inflate the company. Balance sheets like cod went bankrupt after revealing a nearly 2000000000. 00 euro hole in its accounts last month the scandal has triggered criticism of germanys financial oversight and led to calls for the government to explain how much it knew about the companys jubas accounting practices. Well Stephen Beardsley from d. W. Business can tell us will welcome stephen to these new arrests give us a fuller picture of whats been going on it like they do and just to go back as you mentioned that 2000000000 euros was unaccounted for in revenue that happened to a company that became a tech darling for germany and one of its few Tech Companies that really succeeded and went to the top so then it went and solvents and now of course what was valuable Companies Seen as nothing now looks like theres a complicated system of fraud behind it thats what prosecutors are trying to really fish out what we know from these no rest is that the c. F. O. The former c. F. O. Chief Financial Officer was arrested the former head of accounting and then c. E. O. Marcus brown was arrested again that expands now arrest to 4 top executives and that includes a former head of a dubai partner for what stands out in the new prosecutor statement are several things one is that the amount of fraud amounts of 3200000000 euros from bank loans from vespers basically who lost according to this fraud another thing is that the allegation that the fraud goes back to 2015 and that all those arrested today knew about it and 3rd that marcus brown there was a strong suggestion in the statement of marcus brown is being portrayed by witnesses as the center of everything that he ran a strict hierarchy that included pledges of loyalty and that really that he was. A mastermind but really that is what you could construe the whole thing ok so big famous German Company im presuming theres lots of political fallout from this absolutely baffin is a name that many people probably have not heard of but it is the top financial regulator in germany is in charge of regulating banks and regulating the markets to make sure they run properly and that companies dont deceive investors well clearly wire carden what happened there falls within his purview and so theyve really taken a lot of heat baton falls out of the finance ministry that means that the finance minister one of the highest positions in germany is falling is coming under considerable pressure. He will be question next week for his involvement or his knowledge of what was going with wire card. And then the economy minister who also has some oversight of business within germany those 2 are going to get some some difficult questions about their involvement and so investors and we have it were talking about billions going missing does that mean investors have lost lots of money yes it does the stock was up 104. 00 euros right before the fall now its worth almost nothing so they have lost they are suing the question is what they can get if they when of course but those suits began even before the company declared insolvency as it was revealed that there was some wrongdoing in the company the books werent right interestingly there are also lawsuits against the Auditing Firm ernst and young which signed off on the books for a while and this is prompted a real review of its going to prompt it looks like a review of the auditing system within germany ok Stephen Pearson from daily business thank you. Anonymous take a look at the latest escalation in tensions between the worlds 2 largest economies the United States as old as china to close its consulates in Houston Texas the u. S. State Department Said the closure was necessary to protect american into the actual property beijing has described the move as a political provocation and a serious violation of International Law and just hours after the Closure Order was issued firefighters were called to the building. Bins on fire inside the courtyard at the chinese consulate in houston witnesses said they could smell paper being burned the 1st whiff of a bigger story because this firefighters arrived Chinese State media started reporting the u. S. Had ordered the consulate to be closed. Its a political provocation you know that really launched by the us site which seriously violates International Law basic norms governing International Relations and the bilateral consular agreements between china and the u. S. China strongly condemn such an outrageous move. The. Speaking in denmark the u. S. Secretary of state said china had stolen intellectual property. We are setting a clear expertise as for how the Chinese Communist party is going to behave and when they dont were going to take actions that protect the American People protect our security our National Security and also protect our economy and jobs thats the actions that youre saying taken by pressing trump will continue to engage in those the u. S. Directive comes a day off to 2 chinese nationals were charged with hacking said to be working as spies theyre accused among other things of trying to steal Coronavirus Vaccine research. Campaign targeted intellectual property and confidential Business Information held by the private sector including covert 19 related treatment testing and vaccines. Back in his den this was as close as firefighters could get to the consulate they werent allowed in chinese officials have 72 hours to get out with china threatening to close u. S. Consulates in response. The fire may have been protests outside the u. S. China relationship is smoldering as much as ever. A correspondent it is berlin is in beijing we asked him how china is likely to retaliate the u. S. Has 5 consulates in the chinese mainland and one in hong kong and of course one of them is going to be closed there are several options the mildest response would be to close the consulate in one hand the u. S. Has shut it down when the pandemic started in general and it has not yet reopened the Nuclear Option would probably to shut down the consulate in hong kong that would leave tens of thousands of american citizens who live in the city without consular support because they could not travel to another consulate in the mainland that would be of course the worst Case Scenario its not very likely that this is going to be the option for now china and is in its retaliatory measures to any escalation has always try to do something that would not break the last bridge that china is somehow trying to not to go directly on donald trump they have for example been insulting pompei o a very in and state media various times but never trump directly so we will see now china has a very nationalist government china has a very nationalist audience they are under pressure to respond and the guess is as good as the other right now. And shes pulling a patient well take a look now at some of the other stories making news around the world starting greece where more than 255 fighters are battling to control a forest fire near the town of qana in the kind of pennies the blaze is being fanned by strong winds 5 settlements in some account been evacuated as a precaution. South african to come painter undramatic gainey has died at the age of 95. 00 is to trial alongside Nelson Mandela i was imprisoned in the torahs Robben Island on the tourist Robben Island for more than a quarter of a century. Reality t. V. Star kim dash and his appeal for compassion and empathy the Mental Health struggles of a husband west instagram statement came after a recent series of iraqi public remarks and tweets dashon didnt mention the rapper stated plan to run for president this year but mr west has bipolar disorder. Of a number of corroded infections in south africa is growing rapidly with an average of more than 10000 cases a day the country has implemented one of the wall street is locked down since the end of march but its having severe economic consequences not least for food and Restaurant Industry and many in the sector now fear the loss of hundreds of thousands of jobs correspondent creech reports from cape town and. A 1000000 seats on the streets this is how restaurants call the biggest ever united protests in the history of south africas Restaurant Industry when the center of cape town on green street normally its really was powerless but at the moment you can see its business move tables and chairs on the streets to protest against the current lockdown regulations and to highlight the plight of the industry many disappointed and angry. They havent had an income for about 4 months now and things are just getting worse he doesnt. Some sort of support from the government some sort of sign that concert that you know we will be operating for some time i mean the industry is taking such a big hit to taking such a big hit one of the best places the closing places the federal making money are not really taking such a big hit and its just sad because theres just no support from anybody at this point we dont have much long left i mean were on the only one you walk up and down which used to be the gastronomical capital of cape town. And you see how many to let signs of. Where we were in dire straits now were breaking point we do know that. He. Will be taking. This. At the beginning of the lock down restaurants had to stop their operation completely since doing that allowed to operate again at limited capacity and many here say this is not enough to survive the sale of alcohol as bands and many are rely on the bigger margins that they have when they sell brings compacts to foods also theres a night curfew in place starting at 9 pm essentially killing the dinner business the Restaurant Association of south africa says already 70 percent of their food lost which means 800000. 00 people out of work and for the jobs courts follow the tourist season here starts in september but theres no indication whether tourism will be allowed by them or not oh yes take a look at some of the latest developments in the pandemic 15000000 people have now been infected worldwide according to Johns Hopkins university United States brazil and india have recorded the highest number of coughing 1000 cases a vaccine against a virus isnt likely until 2021 according to the World Health Organization to mystic about the drugs currently in development. People are unlikely to be vaccinated before the start of next year a brazilian president giant ball sonar of still testing positive 2 weeks after confirming hes ill with the virus hes been isolating at home for the last 15 days continues to show symptoms. Of conflict zone this week attempts sebastian talks to a nearby cat foreman of jerusalem and leading israeli politician and Prime MinisterBenjamin Netanyahu is likud party which netanyahu is under increasing pressure over accusations of corruption in face the trial which hes described as a witch hunt netanyahu now believes in this innocence and he feels that he is getting an unfair treatment both by the press and many many other elements of maybe maybe also in the police and other elements of the. Legal system in our country thats what he feels and hes saying that. You know but if i can say such a rotten job that is the system is that mr bucket is such a rotten Justice System as he paints it why did he not find out over the last 10 years and do something about it turns out its only a rotten system when he goes after him is not the truth there are systems in our country and i believe also in yours. Needs to upgrade and change in time at any given moment in time we have to upgrade the legal system the court system the naturally the Government Parliament which im part of we must nobody has immunity from change and evolution and i think that part of the issues definitely we have to restructure some of the elements in the relationship between the parliament and the government and the legal system. And you can watch the full interview at here in 15 minutes online on d. W. Dot com forward slash conflict zone yet you can always get the w. 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