SCHIRP & PARTNER Rechtsanwälte mbB: WIRECARD: Wird EY die Aussage verweigern?
Klägervertreter erhöhen den Druck

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DGAP-News: SCHIRP & PARTNER Rechtsanwälte mbB / Schlagwort(e):
Rechtssache/Sonstiges
SCHIRP & PARTNER Rechtsanwälte mbB: WIRECARD: Wird EY die Aussage
verweigern? Klägervertreter erhöhen den Druck

25.11.2020 / 15:19
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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WIRECARD Investigating Committee: EY investigators refuse to testify

Plaintiff's representatives: The civil processes will bring the
clarification

For tomorrow, November 26, 2020, the Parliamentary Investigation Committee
has summoned EY employees as witnesses who have audited the annual financial
statements of WIRECARD AG. The Parliamentary Investigation Committee hopes
that this will provide answers as to how the balance sheet fraud at WIRECARD
AG became possible in the first place and why it remained undiscovered for
so long. WIRECARD's insolvency administrator Jaffé has expressly released
the auditors from their duty of confidentiality.

Nevertheless, the EY auditors have announced that they will refuse to
testify to a large extent. The examiners invoke § 22 para. 2 of the Law on
Parliamentary Investigation Committees (PUAG). According to this provision,
the answer to questions can be refused if the witness otherwise runs the
risk of being overburdened with further investigations himself.

Attorney Dr. Marc Liebscher, Berlin: "The behavior of the EY investigators
is scandalous. It may now happen that the interrogation will be as
unproductive as the interrogation of WIRECARD CEO Markus Braun. Thus the
powers of the parliamentary investigative committee are being trampled
underfoot. As late as September 14, EY promised in a customer letter
distributed worldwide that it would provide any assistance in clarifying the
matter and cooperate with all authorities. One can see: Again, this was just
smoke and mirrors".

Lawyer Dr. Wolfgang Schirp, Berlin, who together with Dr. Liebscher has
already filed a large number of claims for damages against EY since June
2020 and is preparing further lawsuits: "If you look at the tricks and shady
games of EY, we can be glad that we can force information from EY, at least
in the ongoing civil proceedings. We have filed lawsuits with very precise
allegations. EY will have to defend itself against these just as precisely.
There will be no more cover-ups or evasive action in the civil proceedings.

Dr. Marc Liebscher and Dr. Wolfgang Schirp: "One more thing is clear from
EY's conduct: the current attempts by the legislator to reform the law
governing auditors do not go far enough. The draft bill for a law to
strengthen financial market integrity (FISG) is indeed intended as a
reaction to the Wirecard scandal. However, the FISG does not draw any
lessons from the lack of transparency: the draft fails to adapt the far too
comprehensive duty of confidentiality of auditors to modern, international
standards. Germany thus lags behind its international competitors and allows
"another Wirecard". The currently applicable statutory regulations on the
obligation of auditors to maintain secrecy go too far and leave too much
room for interpretation. The duty of confidentiality according to Section 43
WPO, Section 323 I 1 HGB and Section 203 StGB, to which IDW PS 210 Tz. 66
expressly refers, is even to apply to statements made by the auditors to the
public prosecutor's office. This is untenable in view of the function of the
auditors, which is founded in the public interest of the shareholders".

For further information please contact us:

Dr. Wolfgang Schirp, Schirp & Partner Rechtsanwälte mbB, Leipziger Platz 9,
D - 10117 Berlin, Tel. 0049-30-3276170 and 0049-179-5320213, mail:
schirp@schirp.com, URL: www.schirp.com

Dr. Marc Liebscher, Dr. Späth & Partner Rechtsanwälte mbB, Kurfürstendamm
102, D - 10711 Berlin, Tel.: 0049-30-88701617 and 0049-176-93150194, mail:
marc.liebscher@gmx.net, URL: www.dr-spaeth.com

Translated with www.DeepL.com/Translator (free version)


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25.11.2020 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,
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