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Wirecard scandal: Inside story of how bosses of payments company pulled off biggest bank robbery in Germany's history

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Bosses at South African multinational Steinhoff built an elaborate web of transactions to fool investors, but it eventually started to unravel in 2017. There are parallels in the Steinhoff story with the Wirecard scandal. Behind one of the largest companies listed on Germany's Dax lay an elaborate scheme of fake profit and income statements. Auditors signed off on accounts even though they were a fraud. Prosecutors were slow in the Wirecard case; and so far appear to have turned a blind eye to Steinhoff bosses. BizNews partners at Bloomberg share the fascinating story of the massive corporate fraud that sucked in at least 22bn euros. Meanwhile, South Africans wait for justice to be served on Steinhoff's former CEO and auditors. Learn more about your ad choices. Visit megaphone.fm/adchoices
4 Feb 2021 12PM English South Africa Investing · Business News

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