German regulatory officials bought and sold Wirecard shares in ever higher volumes as the payments company edged towards collapse, the German government has revealed, prompting fresh criticism of the agency that polices finance. Responding to questions posed by Green party lawmakers investigating what authorities did to avert Germany’s biggest stock market fraud, the government said staff in Bafin, which monitors banks, had invested in Wirecard shares. Allegations of fraud at Wirecard had been doing the rounds for years though German prosecutors long focused on investigating the investors and journalists who had highlighted irregularities rather than the company …read more
Source:: Yahoo Finance
