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tv   Bares fur Rares  Deutsche Welle  April 26, 2021 7:00am-8:01am CEST

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this is day that we news line from berlin india as appeals for help us hospitals scramble to secure oxygen the e.u. pledges more aid to india as a countries cope with crisis threatens to turn into a catastrophe hospitals are overwhelmed by unprecedented numbers of critically ill patients also on the program the oscar goes to have no madeleine and chloe jo makes history at the 1st woman of color to win the academy award for best director for road movie wins big on a star studded night celebrating the film industry and times of the pandemic we'll
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tell you all about this most unusual of oscar ceremonies what's. in front is like a football army leg 6 or 5 in a surprisingly bruising encounter with gots to keep their slim hopes of title success alive. uncalled for this thank you so much for joining us offers of aid from around the world are pouring in for india as the country faces a devastating surge of coronavirus cases the european union plans to send oxygen and medicine while the us is promising ventilators and raw materials for vaccines day after day infection rates in india are reaching new highs hospital beds are scarce and lifesaving oxygen supplies are running out bodies are. ling up and
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morgues and yet many fear the worst still to come. grief outside hospitals in delhi. disinfecting the dead the fear of infection remains even when life is past. makeshift cremation sites like these a springing up to deal with the rising death toll because corona turion some cemeteries cannot cope. relatives feel helpless as the coronavirus teds through the capital i have money i have everything but i can't give my sister. got to know a bit nothing nothing like that no that is not forget no very good we can do good we can go. as a boy and hospitals have run out of oxygen and intensive care beds india's prime minister patients and caution in. odd jobs. i'm speaking to you
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on this radio show that at a time when corona is testing our patience and that capacity to bear pay in many of our loved ones have left us too soon i'm also might tell you at this moment in order to win this battle we must listen to scientists. for several days running the indian government has reported more than $300000.00 new infections. doctors worry the recent surge has been fueled by a new variant this one composed of tea while the more infectious and vaccine resistant versions of the virus health experts fear the result could be a virus that's faster spreading and less controllable several countries have offered help. india's air force collected oxygen imports from singapore on the
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weekend and the u.s. and the e.u. are planning to send a. president from the alliance says the block is pooling resources to respond to india's request for assistance. but for the securing outside full hospitals in delhi the supplies caught come fast enough earlier we spoke to delhi bureau chief and asked her how the situation in india could possibly get to this point you know india relatively were the 1st wave in this and demi the numbers of infections that started pulling dramatically the vaccine driver had kicked up by the beginning of the year and then created a false sense of security both within the public as well as the authorities you know politicians and governments going to strap to buy a series of regional elections with huge campaign rallies then you have these big
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religious gatherings with no semblance of social distancing and all the potential of turning into super expensive bents that sent the wrong message to the people themselves became complacent and even casual and then again the 2nd wave with its variants its new mutants and w. just the sort for the muni is much more deadly much more contagious than the idea of miners and that's why india not finds itself people less seeing the medical infrastructure put on ticking menstruate trying to get relatives into prosecutors seeing their loved ones die because there's knocks in every level you must be asking themselves why didn't the government anticipate this they had been secondly is it me because lives in other parts of the world why not india the government is not the scrambling to do everything it can but precious time has been lost and to some it's coming too late. i'm rita tomorrow reporting there let's turn now to some
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other stories making headlines around the world funerals have been held for some of the 82 victims of a hospital fire in baghdad officials say the blaze broke out when an oxygen tank exploded the hospital was treating some of the city's most severe covert 1000 cases the families of the victims say negligence and corruption contributed to the disaster. ukrainians have been marking the 35th anniversary of the turn noble nuclear disaster they lived candles and laid roses at the memorial to firefighters in the town of sled would teach some 50000 residents near the plant were relocated to the town after chernobyl reactor number 4 exploded in the early hours of april 26th of 1986. the pandemic has slowed down a lot of things but not the demand for weapons in fact global arms sales are at a record high according to a new report the stockholm international peace research institutes and you'll study
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has found military spending worldwide rose to almost 2 trillion dollars last year that's the highest amount the institute has recorded in more than 30 years as in previous years the biggest spenders globally are the united states china india and russia last year the united kingdom joined them and the top 5 spending on arms rose in europe 2 with germany moving into 7th place worldwide ahead of france. now hollywood finally got to roll out the red carpet for the film industry's biggest night of the year and in stark contrast to previous years the 93rd academy awards saw a very diverse lineup of nominees and winners one performer jokingly called it the blackest oscars ever 2 of the top prizes went to chinese born chloe jousts she made history as the 1st woman of color to take home the best director trophy her poetic road movie nomad land struck
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a chord with the academy who turned her into the evening's bakeware less years best director junho announcing this year's who is over the room chloe picked up her 1st big award of the night. it was an event moved to an intimate socially distance room in the heart of los angeles at union train station. to truly believe then to so this is for anyone who had the faith and the courage to hold on to the goodness in themselves. shows no man's land which starred best actress winner frances mcdormand in a tale of down and out americans living out of their vehicles later won best picture dorm and was especially vocal about their own. we give this wind to our will oh. oh oh oh oh. you start mcdormand
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best supporting actor laureate daniel kalu you from the film judah and the black messiah also provided a wait one moment. the critical last incredible moment that you had 6 it's amazing just. you mean so i'm so happy to be alive so it was a reason to know does it you are probably a diverse array of reactions to the top honors amidst a diverse array of nominees and winners. now for more on hollywood's big night let's bring in entertainment journalist k.j. matthews who joins us from los angeles k.j. in so many ways this was an oscar ceremony like no other plenty of remarkable moments some of them we just saw what stood out for you. you know it was interesting it was a 3 hour ceremony about 3 hour and 15 minutes if i can be exact very very different because it was during the pandemic and everybody that showed up to the oscars had
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to have 3 negative code to test so very very different but i think the 1st 2 hours were a little bit slow it got very interesting towards the 3rd hour i think the moment that really stood out for me was when they presented tyler perry with his humanitarian award and he got a little bit political but he basically said you know we're living kind of in very interesting times where people are very polarized easily because of social media and people are choosing sides or they want to be more on the right or more on the left and he encouraged everybody to not choose hate to not hate anyone or hate any profession and really just stay in the middle and for all of us to this really love each other so people really like hearing that message i think one of the things that was missing this year couple things are actually missing this year is that the live musical performances i think a lot of people really missed that and of course not having a host that host interacting with the audience was great i don't know if you remember a couple years ago when once they order pizza pizza live for the audience another
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time they took a selfie a couple of other times they had performances from best original song and then they had people in the audience dancing all of that was missing this year and in its place was just these kind of nice tidy speeches of winners going up there to accept and then they had a little bit of trivia that was very interesting towards the end where they had a comedian come out and basically said name the song he would give you one song what is this song but i don't know when i was ever a 2nd wedding and what i don't want as any surprises there. yeah you know i don't think people thought that the late chadwick boseman would return for more rain he's black bottom in the best actor category he did not win it was anthony hopkins for the father and anthony hopkins wasn't even there plus they gave that award to anthony it was the last award of the night so that was a little bit surprising you also had 2 other brits that one is well daniel kalu as
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you just heard with judas in the black messiah for best supporting actor in an emerald a fiddle actually for winning promising young woman for the best original screenplay so she went she was another brit that one is well but of course chloe's out winning for best director was surprising she's the 1st chinese american woman to win that award 1st woman of color to really win that award so that was wonderful and then she also wanted a best picture and her actress frances mcdormand won for best actress so it was quite an exciting night for no man's land and for up people of color actually at the oscars ok jay mathews from los angeles thank you very much. to you. and turning to sports now the fun is legal title raises unexpectedly heating up on match day 31 of 34 are saying no that anything less than a went home to start got what effectively hand the league title to byron munich
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luckily for them though the visitors for and then applied saying that. 200 bones surprise last month's on saturday meant that leipzig went into this one knowing the 2 women would keep the championship race alive for another much the. under task seemed simpler than 15 minutes in stuttgart snowy ruin mother was sent off the young frenchman's one john palmer do haidara looked worse with every viewing leipzig dominated proceedings thereafter but fun she did good people keep her cool and unbeatable for. the swiss made sure it was nil nil going into the drink. my foot coble couldn't stop like 6 from taking the lead in the 1st place to see how 5 i don't know should know aftereffects of that but tackle to some pull ahead or one no like sick. will produce more heroics to keep the score at one nil that but then saw a mule force in the penalty within a minute of coming on after a clumsy tackle from constantino smothering panos. under sweet guy himself too
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late sick after 67 minutes accounted for miss of the season by let's exactly or burn meant the score stayed to do with what the result mean she got european ambitions look old but dashed well not goals means mainly to win the remaining 3 games and hope by a drop point if they are to secure the unlikeliest of titles. also on sunday much and kept their european ambitions alive when they demolished feel a felt 5 nil trail and bowled got the party started after just 6 minutes he got a little bit of help from a lucky to flex and after 2 more early goals and goal all struck again midway through the 2nd have on the way this team's most lopsided victory of the entire season. you're watching to that weigh in is live from berlin stay
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tuned for a documentary. about the rise and fall of wire cards possibly in germany's biggest post-war financial scandal christine wow we'll have more headlines for you at the top of the hour on the call from the from me and the entire team in the newsroom thank you so much for your company. that. you feel worried about the planets. too. on the of the on the grid phones post and so many it's clear remains true. joining critiques of the green transformation for me to use for the purpose of.
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the data isn't gentleman i would like to issue the following statement on behalf of the board of wire card. i think i watched the video i think i've washed a 120 times is counted out at the post cannot be ruled out that the wire card may have been the victim of a fraud on a grand scale. give all you knew these guys were the words. thank you. i just laughed i was happy. why are card shares are crashing just listed as why are sinking into the tar there is a good idea the services provider of wire cards tumbled it's a mixture of crime drama and auction fill us in this man except. this. it was like being punched in the stomach. it was like finding out after 30 years of
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marriage that you've been cheated on for 26 months its currency xanga torn. up by derived i've made whole money in what i call the cover of. time well i felt on top of the world i've never been so happy. when we were brought over him you'll have to fill myself up with your b.s. so i could sleep it's a disaster. just fine if this was terrible news for germany's financial sector and for the investors to buy a car why are cardus why ruth that nothing in life is impossible the unthinkable can happen you. may know my name is paid to have
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a role i am the actual inventor and founder of wild card owned it's basically my brainchild if. these 4 months move seem annoyed came to me 997 as i was sitting on my couch with a glass of wine weevils and asking myself squats the next big thing. and then i started thinking it's almost in time in the transactions there is always a custom out and a vendor id fertile never know what trusty java god almighty's hand if and my dear the time was to create a trusted mediator states to ensure that the payment is processed and also the product is delivered to get it. up on that was the audit for what caused. this year's navy but i soon realised that if i wanted it's a good thing i definitely needed external investors if this was. so i started looking for sun. 2000 and in 2001 there were 60
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employees at what doctors had to fills you with a certain pride like watching your child grow up. so many modern take your company was looking for a technical director it was back then a certain mr marshall lek applied and then the interview he made an open sophisticated impression typical viennese humanism to his. extreme he was extremely friendly with a great presence as he has always been because i kind of wondered at the times in seeing this 19 year old with no high school diploma was at the school is all the stuff he saying really credible as dave else. i just visited a key thing here has disappeared in the multi 1000000000 dollars wire card accounting and the nudity of wire card board member john marshall like maybe invalid routes according to media reports before it could get out in the
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philippines corrupt officials helped cover up form of board member mission extract . my name is mark hold us some people would say i'm retired but i'm a restless soul so i do a number of things one is i raise chickens i also grow fruit. but most people know me for shorting stocks finding and rooting out corporate fraud and exposing rascals in the marketplace both in the united states and abroad. well people don't like short sellers it's not just a german thing i myself am. hated in canada i was hated in brussels.
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well short selling is a part of financial markets. and we have the possibility of a restricted at times when that makes sense of it often involves very profit oriented speculation. but that doesn't make it completely unreasonable. in the xinhua. site i wasn't there i when i started working at wired card in 2003 there was a relatively small number of employees and ship a company's core business was payment processing like today. i squashed this concept online payment once online payments got started of course the areas of pornography and online gaming really took off gaming codd or at least as far too often wild cards main business was in those areas caught bogen are
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often doesn't buy to fill its loopholes until i had this as fighters for still in 2003 i had a 2nd job interview with marcus brown on id mail and on them all the foggiest in which i was asked whether i would have problems dealing with adult entertainment content and i was in washington entertainments a short introduction to myself i do see all of wild card since 10 years why a card just the way they are my payment processing company dr proctor groan came from a renowned management consultancy 3 years accordingly he was quite standoffish the uneven off the water card was sold he switched to the board of directors and continue running the new wild card. the i am just an army doctor marc was last night we arrested dr marcus wound and we are now investigating suspicions of false statements and market manipulation if you get. that you must lend this and then i always seemed like he was 2 floors above
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everyone else i in my family only alan 2 weeks and had all these big visions and ideas that tended to supplant so every day nancy is c.f. i'd make fun and down on my lead teeth i really figured that one of the most beautiful elemental. mind mankind is that we tend to think abstract and that we can think about the better way to do things. to me for me personally why a conscious like a 2nd family i mean mine it's my to a meeting. someone coming from the start it felt a bit megalomaniac and the need for us and he wanted to take this company on to the dogs. so if you start your base business doing payment processing for porn and or
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gambling it shows the world that you have no boundaries of doing things and then as you grow you get a stock price then you can wrap a label around it like fantastic i could have a white horse and paint black stripes on the horse that's just a white horse with black stripes it's not a zebra right and i could go and sell the horse is a zebra and i could say this is a zebra hey all this is is a white horse with black stripes. 'd young much political democracy but all of on young mushnick and marcus brown had to teach you people kind of for nation shock right from the beginning to learn.
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that most helicopter i'm just a machine like had a lot of technical savvy and knew what was going on. distinct a c. hommes if i had this if they complemented each other very well on the path the company to kill model good omen hot. marcel acknowledged as and c.m. mr musharraf was a very friendly approachable person one of. 2 hosts mind in i know don who was often happy to chat with the employees. in it all my time on tuesday and star i knew he was there in this he was responsible for the a ship business but that was all this. young mosaddegh. probably let at least 3 lives at once if you go to what he was on
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the wire cardboard and had to make a serious impression he said he was unmoved too and he was responsible for the asia business where he was probably the driving force behind the accounting manipulation he tied the cop and then there was the 3rd marshal that he posted about being a secret agent but it was probably more than just bragging about private. funding strays a pregnant i'm a short seller. expose companies of irregular accounts i'm not an issue. where they don't disclose all the problems or all the elements of the business to the investors or the public.
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we basically bet on the share price going down if we're wrong it costs us a lot of a lot there yet you go back to 2 pounds why akaka your back to millions. i have heard of why a card to. cheat lie or just a complex briggs atlee 2050 and then someone said. but there are a should not precious are expanding and we don't know why i think it curious that. way why we spend thousands of hours researching it. so we've published a damning exposé $101.00 pages we called it zaatar
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a research and investigation. oh it was a complete fraud people said that we used the word fraud to fudge it high so i think we didn't use the word criminals enough and it was back on. our target price for this stock was a completed not a 0 you can't go below it was a complete don't know a 0 it was worthless. like with india. so a company has been for sale for 2 years retail for 2 years said g.r. burrito day travel tourism and e-commerce the prices come down from 70000000 to
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50000000 to 40000000 to 30000000 it was for sale and made to me jury of why a card board that they sold it to why a card and why i can't go along and pay 340000000 there was just no way in the world i could get my head why you would even buy the business seats almost as the via cards from long it looks like wire card had long not been profitable in its core business in europe for those who had been losing money. and that they covered it up through manipulated accounting money pulitzer one. see assumption is that it began with acquisitions in asia ozzie. for instance a payment service provider in india with not much behind it is a hint of ops talk to you kid camps. 314000000 for a company that badly why did darling. they presented these a s minutes as
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a very valuable idea in football they cooked their books through acquisitions of asian companies nobody had ever heard of here kind of content it was the biggest indicator that if you can add up 340000000. houses really that. dismissed that even obviously hutton of acquisitions continued through the entire story there was then a big a takeover where they voice and package of companies from india and singapore the payment floats with funding orishas for it and it is unclear to this day who was behind it interesting. to talk to the traditional ira so there is reason to suspect that money might have been misappropriated 5 people with connections this was why i don't want to call it. i thought there was an adult in office. that would actually pick the report up and
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go through their carry it's very dramatic if you want to call it that. to get the drop on a sit down and i'm going to testify next. to the tone of the report was perhaps sometimes a bit shrill or not every bit of information was 100 percent soundly researched but the core of the story was correctly with fish dish well after. the 30. no they persecuted me market manipulation work was manipulating the market. the criticism was why did you to anonymously hello we don't want to die ah that's absurd what sort of company would follow its employees of follow critics
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break it to them 3 and a half years later of course 5 codes from jessica holy smoke craze a. few were followed for weeks you simply have to osha shit they go play dead before pictures of me in the afternoon when they've been following me for weeks at a run by the former intelligence officer of libya. we would cave in cyber attack have. the feel of the show cellar door spotlight. the room. so much that i'm stefano mr leno and i work in radio calabria as a deputy prosecutor. so what took over the gambling operation was very complex and i think about
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a 1000 raids were carried out into gambling halls and betting offices all across it all layers into $3.00. do. you. mean that to not just total. the investigation revealed that the s k s 365 betting augments he had collaborated with organized crime and various regions but he did join me before me worked with the mafia and sicily do we need to look then drunk and calabria that i'm getting ready and sucker corona only enough. you see say many years ago by the system of s.k. yes it was money laundering basically. it was about injecting profits from 2 criminal businesses the into the normal condiment you they going to get you to feed deity to be close. to.
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where they want to live by wire card was one of the banks used by criminal organizations to deposit the profits that they had made through their illegal business you proceed to get a video of the city. it did not surprise me at all when reporting came out of wire cards usefulness to the mafia. my name is tommy could hear and i'm a hedge fund manager here in new york i run socket capital management which is a short only hedge fund. our firm is named after the ancient egyptian goddess tough cat. soft cat was the goddess of knowledge mathematics accounting wisdom which all seem very perfect.
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i love short selling and that's how i want to make money. well back in 2017 we were preparing to launch in january and we wanted to have a good pipeline a healthy pipeline of various short positions where we had conviction the price will go doubt. our belief and every piece of evidence that we were able to collect over the last almost 3 years pointed towards wire cards being a massive digital launching that. we're not on even while companies like wire cart are at the forefront of digital business traditional banks are lagging behind with big commercial bank now fears losing its got on the backs due to its low stock value and why a card might take its place let me say a forceful pecksniff me to my stool to become part of the. box or do.
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i caught why accommodates value just over 20000000000 euros with a less than 5000 employees a company has achieved a gigantic stock market values often. going to become the biggest tax company. in the relative terms i'm vanitie it turns out i bought 520 share that's equivalent 272000 euros. 1000000067 years old i'm not going to say for that years. i've spent most of my law basically it seems like you should also if.
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i had saved up some money during that time and i didn't want to simply leave it in the back so i invested it in more caught up than him but it was fun to miss the old . he shouted us get through i fill them with those 70000 euros i really had something to use this is because the security. of this i wouldn't have to watch every year and nor will it was a great feeling to us washington is different. in europe is such a sensitive story and we wanted to get it right we waited more than 3 months before we finally pulled the trigger. my name is lionel baba i was the chef of the financial times between 20052020.
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we got a tip that in singapore there was an investigation internally into where the wild card people in wa called were inflating their numbers so we went to singapore we talked to whistle blower who gave us documents all that was in january february 2019. walk cod was the biggest story that i've ever done. that i do believe according to a report by british newspaper financial times the shares recently had quite some turbulence it's good at germany's financial services regulator bof and has been conducting routine investigations due to the enormous fluctuations if not buffett never asked to talk to the reporters they never asked to see any. material nothing then we read in the newspapers that puffin had opened a criminal complaint against 2 of our reporters for doing their job.
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and. now it is true that some short sellers bet against the stock but that is not illegal what i don't understand is how baffin thought that we were conspiring with these people. i have literally no idea what baffin thought they were doing there was also an unprecedented ban on short selling. if you learn some of things clearly financial regulator is investigating whether speculators so you make money through floating prices are. not isn't a shift and has announced fine and short selling a whack auction yes yes my father bought and did he act soon don't bought fastens reaction really so his confirmation of the employees that all these rumors must be
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unfounded on the sign come to your bluff and often reinforced my belief that everything was just fine. i was driving back from santa barbara with my wife when it happened and i i actually couldn't believe something like that would happen i've been doing this for 5 decades and get all my years i've never seen a single stock short sell ban imposed by a regulator. i thought it was beyond strange and a sign that things were terribly wrong. we needed to defend ourselves and potentially convince softened to remove the ban and then. the other issue was that part of wire card success was it painted hedge fund managers and short sellers as we were the criminals and we were just these
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these anonymous unknown figures with moving lots of money i thought that because of that it made sense for us to put a face to the short sellers and to save we believe that this is potentially a money laundering scheme. the 1st interaction was of course on the public letter we had published to boston regarding the short sale. interesting we just a few weeks after i had submitted that letter to boff and i was going to be in germany and i offered to meet with often in a confidential setting to share the information and to be a resource to them and they of course refused the meeting. for years we have heard that buffet was acting against journalist short silence and
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yet beyond our meager thoughts at least until june 2021 we never heard that buffett was also looking into other matters for instance a potential market manipulation by wire cartoon signs we are caught. this is just the order was in fact given to also examine why acosta counts in light of this press coverage wish to stop to put to them. carefully cut out the public didn't hear about this because they probably wanted to prevent any details from escaping that would harm the company's reputation means to skip i think i'm survive this t.v. there is. a whole range of rules it was strictly public reporting in order to protect market confidence and as for tom schultz is.
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often not invited up and actually misled the market through its behavior allowing wire card to keep acquiring money as this meant the process had one more year to lose the sinking ship if they raked up another 1000000000 of that has now ended up somewhere it's one of the. we were terribly concerned that while a card was trying to infiltrate us. down mccrum put in particular who was the lead reporter was sure that his email had been kept. he also thought that he was under surveillance. we discovered an individual hiding under the bridge with a highly sophisticated sound equipment camera focused on my office.
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so we took extraordinary careful measures to insulate down mccrum to keep our information secret documents and very very watertight so the next piece in the puzzle was to investigate who these 3rd parties that walk odd was dealing with. we knew from our information that a lot of the revenues and profits was derived from. some funny names. pay a lot and things like that why a cart why are cards that we need these companies for instance because we lack the license to make certain payments in those particular countries and that's why we're by. because they have a license and they're anchored in the local market foreign coach. is a get there with them acquire card obviously manage to simply fake revenues thorson
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he's a peace partner companies played along in the manipulated accounting. and one of the places we went to was the philippines. we actually went to the place where this company was supposedly registered and we found an old seaman he didn't know anything about wockhardt. we went to another address and it was a bus company. we view this as capital market speculation just like previous articles socialist maccallum we feel we can leave the whole issue behind us now and focus on a very strong 2919. is used dusty's of from soon spies to the really surprising things is that this
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mode of operation involving on going to niles kept working and a lot of people never thought to say let's take a close look at the smog zizi. and some dumb rants than young was why are cards official auditor at the time account again they should have notices and. we wrote a letter to their auditors ian why highlighting a lot of stuff that the financial times came up with and some basic accounting things why this thing should be looked at that the numbers make no sense that the cash isn't the cash why are card never really gave a good explanation of why be needed as cookouts and for. that to have billions. over a $1000000000.00 in an escrow account is very very suspicious you want to.
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buy our copies and toys and hope that's what did wire card claim it needed this trust account for. because it was supposed to hold money that belonged to wire card and wire card needed it as a safeguard for business partners in asia with which wire card was allegedly processing payments. so it was up to ernst and young to check whether the money wire card claimed to have been in escrow account in singapore a really existed doc and he really belong to wire card. calmness we gave them a no i basically feel like any other citizen of this country this is you know i really can't understand how that went on seen in the audit that was informed regularly and normally by the audit team company for individuals who has a shift under study to do what i said we're going to write the biggest hardest toughest story where they will half to admit that they're lying and that their
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story is a fake and their revenues are fake. we published this article and they could not get out of it we also published very unusual internal huge documents to show that documents were not fake and as a result of that the ice is finally melted. the condom on encounter and there you could read how wire cards cook the books and it was quite sophisticated and difficult to grasp. and so unfortunately it was an intelligent model for cheating which is unfortunately why it worked for so long he said i'd also look for something and we were convinced that eventually would collapse what was extraordinary is it took so long because the company fort. like a rat in a corner. under much pressure from from shareholders of wire cart
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wire card hired k.p.n. g.e. . a big 4 accounting firm to investigate all of the allegations that the financial times had raised. their copy and he believed in all talk to give them food at his high personal views the k. p. and g. report they commissioned as the why of why god science i caught up and why i'm going to prove once and for all these insinuations are completely priceless and i'm from least honest. so they keep him report. that elevated all of you pinions that critics of wire hard journalists all had and that was that it's impossible to solve frauds always look for an end game what's the end game here what's how do we how does marcus braun go to be a captain of industry and get out of this i just want to say i'm also. how to log
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shake. you have to sell the company or merge the fraud into something so big and so robust. i mean hell up until the end they were talking about merging or buying out or doing something with deutsche bank. that sounded very concrete because deutsche bank was a struggle and had problems it will go on the to dish and of course wire cards idea was to prop up this theater of illusion to toil and perhaps also fulfill the politicians dreams of a major german financial player did on which people come if they would have acquired george bank or joint bank acquired them or they merge they would have accomplished the ultimate and then it is become something legit and then they would
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have written everything off and gone off into the sunset as part of deutsche bank. something the forgotten how true philip they have been cases in the past when fast growing companies with high stock market values have taken over well performing traditional companies to. do too little dilema. sometimes it went well and sometimes it didn't in this case i'm very glad the speculation didn't actually come to fruition before it just. went k p n g did their investigation they flags the issue of escrow escrow accounts and at that time wired quite provided no documentation. on the transfer of the alleged escrow accounts from singapore to mr tolentino in the philippines it happened at a time when k p m g was already conducting
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a special audit intended to investigate precisely this asia business and the escrow accounts that are. helpful in geno's and that mr tolentino was a lawyer who had mainly dealt with divorce and custody disputes so there was no apparent reason to entrust 1900000000 euros to a single lawyer like him as a trustee on a smile i think they switched trustees out of panic because they knew they were really cornered now the point had been discovered where there really was manipulation going on and money put he had organised. my account to be legally compliant wire card had to submit an annual financial statement for 2019 approved by their auditor by the end of june 2020. the month of june it became clear that either they'd get the signature now or are instead young would get serious and say we're not signing for $29.00 chain and for
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a publicly traded company that's basically a death sentence. on the bias when you see what yanmar charlotte said and did it all seems incredibly not. if aunt and i don't buy up all the how to say you missed i think he wrote those emails to buy time saw and exit to prepare his exit plan and disappearance or didn't and to pretend that everything was still fine you know understood all the really because there were people at his throat and saying we need documents now your poll has to log into the home and took. it home for now i might believe you're a home account for what are said to be in or scroll i found it was in the attic so i just put order to had doubts about documents regarding
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a 1900000000 euros in escrow account name i'm going after the management board admitted that the 1900000000 euros missing from the books probably never existed the shed has been in freefall high 5. inches i'm just in just a touch of if there are charges of organized fraud the embezzlement incorrect statements and market manipulation in numerous cases and feeding. hasn't been mission by to tinker and when i think of marcus brown and john marshall lake which i feel very tone in said speakers 5 if i had the chance i would definitely ask him to say he why. should it and i just want to know the truth and
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try not. i deserve to be asked only this time and dedication not devoted to why i. should if i had cut. i was sitting out there in the coordinates and i thought it's all over. this is like having the rug pulled out from under you fall into a deep hole mentally you don't even know when it will end will just keep forward you don't know how you'll manage to get out again. and then come to the yarn and then i have the lucky idea of asking the shipping company again or
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a new the boss of the company i said heiko who i'm sorry but i have a real problem i'm broke and i need a job can you get me wrong assumption a fellow my face with was caught and lost 70000 euros and i have nothing left obviously no. way a compass and finance come to why a card is a financial scandal that must be investigated a day but appropriate action also needs to be taken the canal. if nothing changes he says it would just have been a bad scandal and the real scandal will be our failure to grasp this opportunity to implement the necessary reforms the new form often to bring why are hard is not the 1st german financial scandal i don't have much faith in all laugh and i don't have much faith perhaps in the politicians who are now suddenly up in arms about why or part i hope that the public forces these politicians to take necessary actions and
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further to to hold them all accountable. if they didn't miss a let's see. i'm about to turn 68 and i have to keep going to seem to compensate for this loss of compensation come. to them to pursue far as i can see the politicians are for. willing to lose. a little village. a little a good man the. handle and.
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blood stains these exhibits. looted art from the german colonial era at the new home malta forum in berlin. the stolen art is casting a shadow over germany's largest cultural project even before it has fully opened. our 20. 30 minutes on t w. board.
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we have ever heard numerous. smoking news healthy posts discards are good for the being. global warming doesn't exist. if you don't believe those well not yet come to me integrated my mind. industry is controlling your thoughts here are 10 truly seeking to derail science. it's not easy to spot. the great books of the 20th century. present day hoaxes. and who's behind the. manufacturing in the lens shorts may 3rd on d. w. .
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this is deja news live from berlin the wild mobilizes to try and turn around the current a virus catastrophe in india germany and the european union have medical aid on the way so to the united states and britain and countries all saving oxygen and other supplies desperately needed to keep people alive also on the program the oscar goes to nomad black. makes history as the 1st woman of color to win the academy award for best director of the drug would be.


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