FirstFT: Wirecard’s former top accountant admits forging audit documents

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The former chief accountant of Wirecard has Admitted forgery of documents According to people familiar with the subject, KPMG requested during a special audit, ahead of an experiment to be held later this year.

Stefan von Arpa is one of the three defendants in the case filed by plaintiffs in Munich due to the spectacular fall last year of one of the most popular technology companies in Germany.

The 47-year-old is the first senior executive at Wirecard to admit wrongdoing since Oliver Blenhaus, head of a subsidiary in Dubai, turned himself in to authorities in July 2020 and became the chief witness of the lawsuit.

Wirecard crashed into insolvency in June 2020 after admitting that half of its declared revenue and € 1.9 billion of corporate cash allegedly held in trust accounts in Asia did not exist.

Von Erffa is one of three Wirecard executives accused of fraud, breach of trust and market manipulation, alongside Blanhaus and former CEO Marcus Brown, who denies any wrongdoing.

Von Arpa denied any involvement in the fraud and accused the second fugitive under the command of Wirecard Jan Marsalk during a parliamentary inquiry last year. However, a police investigation found evidence that von Erffa forged documents shared with the accountants at KPMG and EY.

Do you have feedback on the newsletter? Tell us in Thank you for reading FirstFT Europe / Africa. Here’s the rest of today’s news – Jennifer

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Police arrest 22-year-old man in connection with shooting © Ritzau Scanpix / Olafur Steinar Gestsson / Reuters

The day ahead

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Lawyers’ strike in Britain Lawyers in England and Wales Renew exit On government legal aid tariffs, and escalated action that began last week.

Economic Data Germany release May trade balance data while the EU publishes data on industrial producers’ prices. God Ukraine Recovery Conference Starting in Lugano, Switzerland.

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A diagram illustrating how people develop different immune responses to Covid-19

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When writer George Orwell moved to Jura Island in the 1940s, he found it untrained and “inseparable.” It is still soWrites Sophie Roberts.

Jura Island

Jura is 30 miles long, 7 miles wide, with a population of 200 then and today © Michael Turek

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