1/ Yesterday, February 7, 2024 at #Wirecard court hearing was...
Martino@SkyMartiner
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Jul 13, 2024
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1/ Yesterday, February 7, 2024 at #Wirecard court hearing was mostly about Dr. Anastasiya Lauterbach's presence, former supervisory board member.
The interrogation lasted until almost 7pm with lots of information, that's why the total thread may be split in multiple chains.
The interrogation lasted until almost 7pm with lots of information, that's why the total thread may be split in multiple chains.
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2/ Dr. Lauterbach began her #Wirecard testimony with an account of partly impressive supervisory board assignments at various tech startup and larger companies. She was working at EasyJet and was asked by Twitter founder Jack Dorsey to join Square.
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3/ Dr. Lauterbach was assigned to #Wirecard's supervisor board on her birthday in 2018. When asked if she was informed about what problems and issues were on the plate back then, she denies, "I wasn't informed about anything" in her assessment.
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4/ She was aware that at around the time she began at #Wirecard, the company was shifting from a MDAX to becoming a DAX company and expected a halfway functioning reporting systems in place. Requests for documents were regularly delayed to SB.
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5/ When FT published their important article about #Wirecard issues on January 30, 2019, Wulff Matthias communicated and spread the assessment that it was an attack on the company.
She states she was kept out of the loop on findings and info, she kept a diary where she wrote "I don't know where to go to" for information.
Goerres did not inform her either much. Only in May 2020 the information flow became more open in her view, before she mostly had to go through Wulff Matthias for detailed info.
She states she was kept out of the loop on findings and info, she kept a diary where she wrote "I don't know where to go to" for information.
Goerres did not inform her either much. Only in May 2020 the information flow became more open in her view, before she mostly had to go through Wulff Matthias for detailed info.
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6/ She explains that large companies usually have a summary of press articles assembled for management and supervisory board, was surprised there was no such thing in place at #Wirecard, SB organised it then on her initiative by the use of Edelmann agency.
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7/ She explains she travelled to Singapore on March 10, 2019, but contrary to various press reports she did not talk or engage with Rajah&Tann lawyers there at her visit because she was advised by von Knoop she "would just disturb the investigations".
Dr. Lauterbach explains that she had personally seen how various POS terminals in Singpore were displaying the #Wirecard logo when purchasing something, which provided proof that business was already setup there and hence needed appropriate risk and compliance measures.
She then subsequently explains that there was later an exchange with Rajah&Tann lawyers via EY.
Dr. Lauterbach explains that she had personally seen how various POS terminals in Singpore were displaying the #Wirecard logo when purchasing something, which provided proof that business was already setup there and hence needed appropriate risk and compliance measures.
She then subsequently explains that there was later an exchange with Rajah&Tann lawyers via EY.
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8/ Dr. Lauterbach explains that in her view the Supervisory Board was rarely given appropriate information, and that Goerres and Steinhoff also did not provide adequate documents.
She explains that there was a letter on March 15, 2019, explaining the lack of information flow for the SB, the applauded how it was received by Wulff Matthias who explained that indeed things would have to change and that things could not continue as they were.
On March 30, 2019 Wulff Matthias talked to #Wirecard Dr. Braun about this, she had a personal phone talk with Dr. Braun as well, who promised that changes in HR and assignments would be supported by him.
Things gradually improved from April 2019 on according to her statement.
She explains that there was a letter on March 15, 2019, explaining the lack of information flow for the SB, the applauded how it was received by Wulff Matthias who explained that indeed things would have to change and that things could not continue as they were.
On March 30, 2019 Wulff Matthias talked to #Wirecard Dr. Braun about this, she had a personal phone talk with Dr. Braun as well, who promised that changes in HR and assignments would be supported by him.
Things gradually improved from April 2019 on according to her statement.
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9/ #Wirecard's Dr. Lauterbach explains that Braun had injected into and influenced the Supervisory Board mainly through Wulff Matthias in her view.
She explains Braun suggested to Matthias that it is costly and unfortunate that the SB would be in need of their own lawyers to get things done.
When Dr. Anasatsiya L. was informed about this, she threatened to leave the SB if they were forced to work without their own lawyers.
She explains Braun suggested to Matthias that it is costly and unfortunate that the SB would be in need of their own lawyers to get things done.
When Dr. Anasatsiya L. was informed about this, she threatened to leave the SB if they were forced to work without their own lawyers.
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10/ Dr. Lauterbach explains that the SB then hired consultancy firm McKinsey for various various internal #Wirecard studied and evaluations, particularly risk assessment and general company capabilities, which was indeed a very costly endeavour.
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11/ She explains how Dr. Braun called her when she was back from a business trip with COO Steidl to the USA on August 15, 2019, alleging her of leaking sensitive information to the press, which she tells she did not.
Background was her candidacy for the #Wirecard vice-chair supervisory board position in 2019, she was told that Stefan "Klestil would get that position, because he has four children and would need the money".
Background was her candidacy for the #Wirecard vice-chair supervisory board position in 2019, she was told that Stefan "Klestil would get that position, because he has four children and would need the money".
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12/ Dr. Lauterbach further explains that on September 15, 2019, Dr. Braun was notified about a special audit which was also demanded by investors. Given the prospect of McKinsey, EY and an additional auditor (later KPMG) potentially conducting a forensic audit, Braun told SB that people should be given a pause and that the corporation cannot be shut down.
Especially #Wirecard's Controlling Department was working already day and night back then to deal with the many issues.
Especially #Wirecard's Controlling Department was working already day and night back then to deal with the many issues.
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13/ Dr. Lauterbach explains that she even considered a candidacy for the #Wirecard supervisory board chair position, which was supported by legal partner Ms. Gaertner. She further explains how she voted against(!) Stefan Klestil becoming the vice-chair of the supervisor board.
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14/ She tells about an offsite meeting that Jan Marsalek had organised to explain the TPA business and more, and how an article was published literally minutes before Marsalek was about to give his presentation.
That article was two days later provided in a modified version, with important links and text gone. She states that article changed the course of the offsite meeting, since the revelations in it hinted towards Dr. Lauterbach being a leaker.
She states she "felt being mobbed like in school(!)" and believes this to maybe have happened on purpose because it allowed to talk and gossip about her, instead of pressing issues at #Wirecard.
That article was two days later provided in a modified version, with important links and text gone. She states that article changed the course of the offsite meeting, since the revelations in it hinted towards Dr. Lauterbach being a leaker.
She states she "felt being mobbed like in school(!)" and believes this to maybe have happened on purpose because it allowed to talk and gossip about her, instead of pressing issues at #Wirecard.