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Germany's Merkel to be quizzed over Wirecard lobbying in public inquiry

3 Min Read
FRANKFURT (Reuters) - Chancellor Angela Merkel will be asked by German lawmakers on Friday why she lobbied for payments company Wirecard just months before it collapsed in the country’s biggest post-war fraud.
German Chancellor Angela Merkel attends a virtual Climate Summit with world leaders in Berlin, Germany, April 22, 2021. Kay Nietfeld/Pool via REUTERS
Merkel’s appearance will mark the climax of a public inquiry into an affair that has tainted Germany’s reputation for rectitude, exposed ties between politics and business and prompted resignations and criminal investigations.
The government has said that Merkel did not know at the time of the irregularities at Wirecard, which has since been dismantled after its disclosure of a 1.9 billion euro ($2.3 billion) financial hole triggered its insolvency.

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Merkel to be quizzed over Wirecard lobbying in public inquiry

Chancellor Angela Merkel will be asked by German lawmakers on Friday (23 April) why she lobbied for payments company Wirecard just months before it collapsed in the country’s biggest post-war fraud.
Merkel’s appearance will mark the climax of a public inquiry into an affair that has tainted Germany’s reputation for rectitude, exposed ties between politics and business and prompted resignations and criminal investigations.
The government has said that Merkel did not know at the time of the irregularities at Wirecard, which has since been dismantled after its disclosure of a €1.9 billion financial hole triggered its insolvency.
Wirecard, which began by processing payments for gambling and pornography, had been hailed as a rare German technology success story, although few really understood it. Once valued at $28 billion, it abruptly unravelled last year.

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Angela Merkel to be quizzed over why she lobbied for Wirecard months before the company collapsed

Chancellor Angela Merkel will be questioning in the Wirecard public inquiry on Friday. The Government claims she lobbied for the company before she was aware of its insolvency issues.

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Germany's Merkel rejects criticism of her Wirecard lobbying in China

4 Min Read
FRANKFURT (Reuters) -German chancellor Angela Merkel rejected criticism of her lobbying for Wirecard in China months before it collapsed, telling lawmakers she had no reason to suspect the firm of criminality as she sought to help it do business there.
German Chancellor Angela Merkel is seated prior to testifying in front of a parliamentary committee investigating the financial scandal over payment systems provider Wirecard in Berlin, Germany April 23, 2021. John MacDougall/Pool via REUTERS
Her detailed account of events leading to a state visit to China in September 2019 shone a rare light on the inner workings of government and its lobbying for business, marking the climax of a public inquiry into the country’s biggest post-war fraud.

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Germany's Merkel rejects criticism of her Wirecard lobbying in China

Germany's Merkel rejects criticism of her Wirecard lobbying in China
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