Former Wirecard CEO, Two Others Taken Into Custody

The transcript discusses the arrest of former officials linked to a company aware of losses since 2015. Legal correspondent Karin Matussek explains the implications for those involved and the company's future, including asset sales amid scrutiny. The role of auditors, particularly Ernst Young, is questioned due to their involvement in the scandal, highlighting the need for accountability.

What was the main reason for the arrest of the former officials?

• They were caught embezzling funds.

• They were involved in a tax evasion scheme.

• They were implicated in a bribery scandal.

• They were aware of massive losses since 2015.

What is the role of the insolvency administrator in the Wirecard case?

• To find new investors for the company.

• To negotiate with creditors for debt relief.

• To oversee the sale of assets and clean up the books.

• To manage the company's daily operations.

How does the arrest of officials affect the sale of Wirecard's assets?

• It completely halts the sale process.

• It has no impact on the sale process.

• It complicates but does not stop the sale process.

• It makes the assets more attractive to buyers.

What criticism is directed at the auditors in the Wirecard scandal?

• They were involved in the fraud.

• They refused to audit the company.

• They failed to detect fraudulent activities.

• They leaked confidential information.

Which auditing firm was responsible for auditing Wirecard's accounts?

• PricewaterhouseCoopers

• Deloitte

• Ernst Young

• KPMG