7/19/2020, 3:20 PM (Source: TeleTrader)
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Chart for: WIRECARD AG

BaFin president defends actions in Wirecard case

President of German Financial Supervisory Authority (BaFin) Felix Hufeld insisted on Sunday that the agency has done everything in the Wirecard case that the country's lawmakers requested.

Hufeld pointed out that the BaFin could supervise only a small part of Wirecard's financial transactions, stressing the need for regulations of tech companies to be improved.

As the investigation regarding the company's missing €1.9 billion develops, the latest information suggested that Wirecard's former Chief Operating Officer Jan Marsalek reportedly fled to Belarus or Russia.

Baha Breaking News (BBN) / ND