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German audit watchdog head faces investigation over Wirecard share trading
The head of Apas is facing an investigation after admitting he bought and sold shares in Wirecard while it was under investigation. (Getty Images)
Head of German audit watchdog Apas Ralf Bose is facing an investigation after admitting buying and selling shares in Wirecard while the regulator was investigating the troubled payments firm.
Bose, who has headed up German audit watchdog Apas since 2016 and is a former senior partner at KPMG, told a German parliamentary inquiry into the accounting scandal yesterday evening that he purchased Wirecard shares in April and sold them – at a loss – the following month.