Ger­man par­lia­ment opens Wire­card inquiry

The Daily Telegraph - Business - - Business -

The Ger­man par­lia­ment is set to hold an in-depth in­ves­ti­ga­tion into the col­lapse of Wire­card as ques­tions mount over why the gov­ern­ment failed to pre­vent mas­sive cor­po­rate fraud at the pay­ments firm. The inquiry will in­crease pres­sure on An­gela Merkel, the Ger­man chan­cel­lor and her deputy Olaf Scholz ahead of next year’s Bun­destag elec­tions.

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