Deutsche Bank Accounting Head Is Aim of Wirecard Complaint
- Complaint against Andreas Loetscher and two former colleagues
- Loetscher oversaw Wirecard audits for 2015 through 2017
Security guards sit beside a driveway outside the Wirecard AG headquarters in Munich.
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Deutsche Bank AG’s top accounting executive, Andreas Loetscher, and two ex-colleagues at his former firm Ernst & Young were targeted in a criminal complaint by a German retail investor association for their alleged role in the accounting scandal at Wirecard AG.
The SdK association filed the claim against two unnnamed current partners of EY -- which also audits Deutsche Bank’s accounts -- and one former partner because of “the events around Wirecard,” according to a statement on Friday. That ex-partner is Loetscher, a person familiar with the matter said.