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Wirecard AG submitted an application to open insolvency proceedings to Munich district court on 25 June 2020. That is now more than a year ago. Since then, the payment service provider has been embroiled in a dramatic accounting scandal: former Wirecard managers allegedly manipulated the company’s accounts with fictitious transactions over a number of years. The resulting losses ran into billions of euros. One person who helped uncover the Wirecard scandal is the lawyer Pav Gill, who worked in Wirecard’s legal department in Singapore for around a year. In 2018 he left the company because his internal investigations into balance sheet manipulations and fictitious transactions were blocked. Gill then informed the Financial Times and other media of irregularities. In his interview with Dun & Bradstreet, he talks about how he experienced the uncovering of the balance sheet manipulation and the role he played.
Pav Gill will talk live and online about the Wirecard scandal at Knowledge Power Days COMPLIANCE on 23 November 2021.
Knowledge Power Days COMPLIANCE, hosted by Dun & Bradstreet Europe, will provide you with powerful knowledge in the areas of compliance, ESG, KYC, UBO and third-party risk management from 22 to 26 November 2021. The series of events will be held online and offers the fundamental knowledge you need to handle your business partners confidently.