Wirecard’s ex-head of accounting has admitted to forging documents requested by KPMG during a special audit, ahead of a trial that is set for later this year, according to people familiar with the matter.
Wirecard crashed into insolvency in June 2020 after admitting that half of its stated revenues and €1.9 billion of corporate cash purportedly held in escrow accounts in Asia did not exist.
Mr Von Erffa is one of three Wirecard executives who were charged with fraud, breach of trust and market manipulation this year.
He denied any involvement in the wider fraud. However, the police investigation found evidence that Mr von Erffa in early 2020 forged documents that were then shared with auditors at KPMG and EY.
Mark O'Connell: The mystery is not why we Irish have responded to Israel’s barbarism. It’s why others have not
Afghan student nurses crushed as Taliban blocks last hope of jobs
Emer McLysaght: The seven deadly things you should never buy a child at Christmas
‘No place to hide’: Trapped on the US-Mexico border, immigrants fear deportation
The documents were linked to a €50 million payment that Wirecard had received in 2018, purportedly from one of the Asian escrow accounts and wired by a trustee at Mr von Erffa’s behest.
KPMG’s forensic investigators wanted to see Mr von Erffa’s payment authorisation for the €50 million transfer. As no such document existed, the top accountant decided to fabricate one, he told prosecutors, according to people familiar with the matter. – Copyright The Financial Times Limited 2022
