The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country's biggest post-war fraud scandal. "The press reports that Wirecard's operating business is doing well despite the coronavirus crisis and despite the mis-steps," the document said. 'GOVERNMENT STOOD BY WIRECARD' Danyal …
Even with ample warning, German authorities failed to catch accounting issues at the digital-payments company. Wirecard AG’s collapse has laid bare significant cracks in Germany’s financial oversight, increasing pressure on Chancellor Angela Merkel’s government after one of the country’s biggest corporate failures. The regulator asked FREP in February 2019 to investigate, and since made multiple follow-up requests but hadn’t received …
