Bloomberg

Wirecard inquiry probes why Germany missed fraud of century

Lawmakers are questioning a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs the following day as the fraud that burned investors engulfs the country's political establishment. Foto: AP/Markus Schreiber

Germany's blame game over Wirecard's collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country's biggest accounting scandal in living memory.

Lawmakers are questioning a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs the following day as the fraud that burned investors engulfs the country's political establishment. If the hearings go badly, parliament may start a deeper investigation as the country prepares for the post-Merkel era with an election due next year...

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