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A senior official of Deutsche Bank and a former EY partner who oversees the Wirecard audit has taken legal action in an attempt to dissuade a German parliamentary committee from issuing a report on his criticism.
Andreas Loetscher, who was one of the supervisors of the Wirecard review between 2015 and 2017, on Monday asked the administrative court in Berlin to ban the publication of the report, which will be presented at the Bundestag on Friday, the anniversary. Debt repayment for Wirecard.
The move is part of a war between former Wirecard accountants and German lawmakers. EY is already embroiled in controversy with parliament over the publication of another alarming report by a special investigator, who found that the review had met with a number of challenges.
People familiar with the matter told FT that the legal request was kept confidential to Loetscher and that the move was not in line with their employers or former employers. Deutsche declined to comment and EY did not immediately respond to a request for comment.
Wirecard collapsed after realizing that € 1.9bn in corporate finance probably never existed. She has already received incorrect calculations from EY for more than a decade.
Loetscher joined Deutsche in 2018 as the head of accounting for more than two decades at EY. He resigned shortly after last year but remained a financial advisor.
He also alleged that the job change was due to “uncertain doubts” in the committee. At the time, Deutsche said it had happened “at the request of Andreas and in agreement”.
Loetscher’s role as the Auditor-General is well-known in the public as he signed the Wirecard account, and his last name was mentioned in the results of the team’s non-public appearance.
Last November, when he was summoned to testify in parliament on Wirecard’s lawsuits, he refused to answer questions about his security investigation.
Recently, prosecutors in Munich announced that they had initiated lawsuits against some of their EY counterparts on Wirecard.
Loetscher, who has denied any wrongdoing, has stated that mentioning his name in a public report violates his rights. His lawyers say he can only be called by his first name, not his full name.
Loetscher and his lawyer did not immediately respond to FT questions.
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