Skip to content
EN
brief us →

Wirecard AG: the missing EUR 1.9 billion and its aftermath

Wirecard AG: participants and roles

Managers, owners, subsidiaries, partners, auditors, supervisors, lenders, courts and prosecutors connected with Wirecard AG, with the period, status and source of each role.

published
26 oct 2026
records as of
21 oct 2026
entities
245
sources
105
cite entities.csv
Mandated lead arranger of the 2018 revolving credit facility; joint global coordinator of the 2019 bondClient that engaged the investment bank to sell Wirecard North AmericaAccount holder (accounts 60757 and 59049 at the bank)Shareholder (about 5% of the votes)Managing director (based in Singapore)Auditor oversight body that examined the audits of Wirecard's accounts and sanctioned auditorsShareholder (3 to 5% of the votes)Examined his share transactions for possible insider tradingFiled a criminal complaint for insider trading over share sales of 24 June 2020Banking supervisor (special audits; intensive anti-money-laundering supervision from 15 July 2019; fines of EUR 60,000 in 2021)Securities supervisor of the listed company (market abuse, short-selling ban); not the consolidating supervisor of the group (+1)Auditor of the annual accountsManaging directorManaging directorManaging director (director and general manager)Model defendant 10 in the investor model proceeding 101 Kap 1/22DirectorDirectorHead of Wirecard AG's branch in DubaiLists him as a wanted personShareholder (about 5 to 7% of the votes)Managing directorManaging director with sole power of representationModel defendant 1 in the investor model proceeding 101 Kap 1/22Sole shareholder; his private assets secured the company's loans (+1)Charged with embezzlement through the Wirecard group's loans to the company (EUR 210 million, as recorded by the Singapore court)Managing directorManaging directorChief executive officer (chairman of the management board) and chief technology officerIndirect shareholder (about 7%, through MB Beteiligungsgesellschaft mbH)Managing directorHolder of joint power of attorney (Gesamtprokura)Managing directorJoint global coordinator of the 2019 bondInvestigating authority that froze the company's fundsInvestigated the company (charges against former staff in 2022)TPA partner of the Dubai subsidiary; buyer of a platform under an agreement of 30 July 2018Seller of a platform to the TPA partner under an agreement of 16 April 2018Guarantor of the 2019 bondManaging director (as stated by opposition deputies citing a magazine)Managing directorHolder of joint power of attorney (Gesamtprokura)Shareholder (about 5% of the votes) (+1)Mandated lead arranger and agent of the 2018 revolving credit facilityJoint global coordinator of the 2019 bondIntended to support the bank and was reported to be positioning itself for a possible takeover (insiders cited by the press)Joint bookrunner of the 2019 bondFinancial reporting enforcement examinationsSupervisory board memberPeer review of the German supervisors' handling of Wirecard's financial reportingModel defendant 2 in the investor model proceeding 101 Kap 1/22AuditorAuditor of the annual and consolidated financial statementsDirectorUK regulator of the e-money firm; imposed requirements on 26 June 2020 and eased them from 29-30 June 2020Management board member (compliance) with sole power of representationRefused him exit from Moscow in September 2017 and tracked his international travel from 2015 to 2018, according to leaked Russian records reported by investigative mediaDirectorDirector (sales director)Managing directorManaging directorHolder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Shareholder (3.53% of the votes)Statutory auditor, sanctioned by the Irish audit regulatorDirectorManaging directorManaging directorFormer director for AsiaHolder of joint power of attorney (Gesamtprokura)Supervisory board member (outside mandate)Supervisory board memberSupervisory board member (of Trustpay International AG)Supervisory board member (of Wirecard Technologies AG)Deputy chairman of the supervisory boardLiquidatorManagement board memberHolder of power of attorney (Prokurist)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Managing directorManager (gérant)Managing director (joint power of attorney from 25 August 2010)Holder of joint power of attorney (Gesamtprokura)Treasurer; holder of joint power of attorneyManager (gérant)Joint bookrunner of the 2019 bond; lender represented on the creditors' committeeMandated lead arranger of the 2018 revolving credit facilityInitial shareholder of the shelf companyManaging directorClaimant as insolvency administrator: attachment of EUR 140 million confirmed in 2022; judgment of 5 September 2024 ordering payment of EUR 140 million (jointly with two other former board members)Model defendant 8 in the investor model proceeding 101 Kap 1/22, as insolvency administrator of Wirecard AGControls the Wirecard group's recoveries as majority creditor (over 97% of the company's debt) in its liquidationInsolvency administrator (preliminary administrator from 25 and 29 June 2020)DirectorShareholder (5 to 6% of the votes)Shareholder (5.00% of the votes)Statutory auditor, sanctioned by the Irish audit regulatorSupervisory board memberManaging director and ownerPartner of the venture capital firmSupervisory board memberSupervisory board member (of Trustpay International AG)Supervisory board member (of Wirecard Technologies AG)Supervisory board member; deputy chairman from 18 June 2019Special investigator (independent special investigation)Managing directorVice President of Controlling and Finance; bank account signatoryChair (outside mandate)Independent director (outside mandate)Independent non-executive director (outside mandate)Supervisory board memberLender (mandated lead arranger of the 2018 revolving credit facility); member of the creditors' committeeManaging directorManagement board memberDirectorManaging directorChief financial officer (management board member for finance)First managing director of the shelf company Blitz 05-059 GmbHJoint bookrunner of the 2019 bondDirectorLiquidatorModel defendant 6 in the investor model proceeding 101 Kap 1/22Investor in the company (according to investigative media)Received and forwarded the TPA partner's letter explaining its registration gaps (special investigators)Tasked and paid him (cryptocurrency payments) for surveillance and other operations, according to the prosecution case recorded in the UK sentencing remarksAsked in an e-mail that the TPA partner be supportedDirector (of E-Credit Plus Pte. Ltd.)Managing directorDirectorManaging director with sole power of representationManaging directorDirector and chief executiveManagement board member for sales, later chief operating officer (+1)Lists the company as a former exempt entity under the Payment Services ActLists the company as no longer exempt under the Payment Services ActLists the company as no longer exempt under the Payment Services ActSupervisory board memberManaging director (Frankfurt am Main)Supervisory board member, later chairmanSupervisory board member (of the company, then Wirecard Technologies AG)Chairman of the supervisory boardManager (gérant)Registered at the same address (Einsteinring 35, Aschheim)Model defendant 7 in the investor model proceeding 101 Kap 1/22 (interrupted by its insolvency in 2024)Largest shareholder (about 7 to 8% of the votes)Supervisory board memberDirectorManaging directorManaging directorBuyer of the companyGeneral managerHolder of two bank accounts, restrained by the Singapore court on 3 November 2023Parent company of the subsidiaryTPA partner and borrower in the same Wirecard Bank loan portfolio; OCAP was formerly called Senjo Trading Pte. Ltd.Managing directorHolder of joint power of attorney (Gesamtprokura)Supervisory board memberCompany secretary of Senjo Payments Asia Pte. Ltd.Corporate manager of the shelf companyInsolvency administrator in AustriaThird party that paid amounts on behalf of PayEasy (EUR 23.0 million on 30 December 2014)Auditor; joint auditor with EY for 2010AuditorManaging directorManaging directorChartered the private jet for his escape (according to investigative media)Sole managing directorClaimant challenging the 2008 general meeting's discharge resolutions and the validity of the 2007 annual accountsPossible link through a shared individual (the Senjo company secretary matched the signatory of a trustee confirmation), according to the special investigatorsBuyer of 100% of the company for EUR 29.0 millionSenjo's leading managers sold E-Creditplus Pte. Ltd. to Wirecard and later bought it back (special investigators)Buyer of 100% of the companyInvestor through an affiliate: subscriber of convertible bonds of about EUR 900 million (memorandum of understanding of April 2019)Arrested her on a German request and handed her over in extraditionCharged him (indictment of 10 March 2022; joint trial with Braun)Charged him (indictment of 10 March 2022; trial before the Munich I regional court since 8 December 2022)Investigated him; investigation closed (confirmed by his lawyer in July 2024)Indicted him on 12 December 2023Seeks him on an arrest warrantOpened an investigation into him among other former supervisory board members (402 Js 199828/20), as reportedIndicted her on 31 July 2024 (breach of trust)Charged him (indictment of 10 March 2022; joint trial with Braun)Indicted him on 31 July 2024 (breach of trust)Investigated the company; searched its premises on 5 June 2020 after a BaFin complaintManaging directorManaging directorManaging directorDirectorManaging directorManaging directorManagement board member for products (chief product officer)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)LiquidatorManagement board memberManaging directorThird party that paid EUR 10 million on behalf of the TPA partner Rising Sun (Senjo)Chief financial officer (management board member for finance)Holder of power of attorney (Prokurist)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Manager (gérant)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Holder of joint power of attorney (Gesamtprokura)Managing director (joint power of attorney from 14 August 2012)Head of accounting (Executive Vice President / Director Accounting) and holder of joint power of attorneyManaging directorModel defendant 5 in the investor model proceeding 101 Kap 1/22Management board member (earlier holder of power of attorney)DirectorMember of the board of directorsLender (loans of September 2018; a criminal count over them was discontinued on 27 February 2025)Second group company in Singapore investigated by the Commercial Affairs Department; registered at the same address (1 Raffles Quay #27-10)Card-payment acquirer for the retailer, which moved its customers' card payments to Payone from early July 2020 (gift card retained)Lender of a EUR 35 million loan with which he refinanced a bank loan of his company (cancelled as of 1 April 2020), according to the prosecution and a press reportFiler of more than 500 suspicious-transaction reports on its customersLender (loans in the 2017 MaRisk audit sample)Lender of EUR 25.0 million to finance the Kalixa purchaseHolder of an online-acquiring licence from China UnionPayAccount bank behind the IBAN accounts the service provider offered to e-residents (new accounts suspended after the parent's insolvency filing)Seller of its business, through its insolvency administrator, to the investorIssuer of the Holvi Business Mastercard cardsTook over the prepaid card issuing business of the building societyIssuer of the Payoneer prepaid Mastercard cardsSeller in principle of customer relationships and other assetsGuarantor of the 2019 bondHolding company of the Irish operating subsidiarySole shareholder (100%)Guarantor of the 2019 bondAbsorbed the company by mergerParent companyParent companyParent companyParent companySole shareholder (100%)Parent company (100%)Parent companyGuarantor of the 2019 bondSole shareholder (100%)Parent companyParent companyGuarantor of the 2019 bondAudit supervisor that concluded settlements with the auditors of the company's financial statementsBusiness associate from 2019 who organised his escape (according to investigative media)Director and company secretaryParent company (100%); control and profit-transfer agreementThird-party acquiring (TPA) partner in DubaiParent company (100%)Parent company (100%, directly or indirectly)Strategic partner for e-commerce payment acceptance and point-of-sale solutions in EuropeIndirect parent company (100%, held through Wirecard Technologies GmbH)Parent company (100%)Trustee of the trust accounts for the TPA businessBuyer of Citi's card-acceptance customer portfolios in eleven Asia-Pacific marketsBuyer of Citi Prepaid Card Services (2017) and of Citi card-acceptance customer portfolios in Asia-Pacific (2018)Buyer of Citi's card-acceptance customer portfolios in eleven Asia-Pacific marketsParent company (100%); control and profit-transfer agreementClient of the forensic investigation engaged through FieldfisherAcquired control (with Citi Prepaid Card Services)Parent company (100%)Buyer of the Hermes group from the fund (acquisition of the Indian business)Parent company (100%)Claimant against its former auditor, through the insolvency administratorClient that commissioned the law firm to investigate the Singapore allegationsClaimant in an action against the newspaper and its reporterParent company (100%)Buyer of the payment business of the Great Indian Retail GroupShareholder (60%, equity-accounted without control)Guarantor of a EUR 11 million loan from Wirecard Bank AG (as stated by opposition deputies citing a magazine)Parent company (100%)Parent company (100%)Absorbed the company by mergerAbsorbed the company by merger (legal successor)Absorbed the company by mergerParent company (100%)Parent company (100%) of the transaction vehicle for the Citi Prepaid purchaseAlleged injured party in the indictment of its former chief financial officerLender of a loan (EUR 235,000 at 31 December 2010)Claimant in an action against the reporter and his newspaperAcquiring partnership for Japanese retailers in Singapore and Hong KongParent company (100%)Absorbed the company by mergerBuyer, through its subsidiary, of the prepaid card portfolio (about 1.5 million cards)Seller, through the administrator, of the Philippine, Malaysian, Thai and Hong Kong subsidiariesLender of merchant cash advance loans through Wirecard Bank AG and a subsidiary; OCAP owed the group more than 97% of its debtSeller of Wirecard Brazil to a PagSeguro subsidiaryThird-party acquiring (TPA) partner in Manila; debtor and recipient of collateral in the TPA accountsLender of loans of EUR 270 million (as stated by opposition deputies)Parent company (100%)Parent company (100%)Parent company (100%)Client that commissioned the law firm's investigation of the Singapore whistleblower allegationsParent company (100%, indirectly)Granted a "security deposit" of EUR 40 million through subsidiaries; Ruprecht was presented as TPA partner from December 2019 (prosecution account)Indirect parent company (100%, through Systems@Work)Seller, through the administrator, of the core assets of Wirecard AG and Wirecard Technologies GmbHThird-party acquiring (TPA) partner in SingaporeSeller, through the administrator, of Wirecard RomaniaProcessing provider used by Wirecard BankParent company (100%, indirectly)Seller, through the administrator, of Wirecard North AmericaIndirect parent company (100%, through Systems@Work)Trustee of the TPA trust accounts, succeeding CitadelleParent company (100%)Online-acquiring licence held by Wirecard Bank (first non-Chinese bank)Parent company (100%); founded in 2017Parent company (100%)Parent company (100%, indirectly)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%, directly or indirectly); founded in 2019Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%); founded in 2017Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%, directly or indirectly)Guarantor of the EUR 900 million convertible bond issued by the company (ISIN DE000A2R76L7)Parent company (100%); founded in 2017Parent company (100%); founded in Moscow in 2018Parent company (100%); founded in 2018Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%)Parent company (100%); founded in 2018Parent company (100%)Parent company (100%)Parent company (100%, direct)Parent company (100%); issued a letter of comfort for its liabilitiesParent company (100%)Parent company (100%)Parent company (100%)Parent company (100%, held through Wirecard Sales International Holding GmbH)Parent company (100%, directly or indirectly)Parent company (100%); founded in 2017Parent company (100%); control and profit-transfer agreementParent company (100%)Parent company (100%); founded in 2018Parent company (100%)Parent company (100%); control agreement of 7 May 2008 and profit-transfer agreement (+1)Parent company (100%); founded in 2017Indirect parent company (100%)Parent company (100%)Parent company (100%, directly or indirectly); founded in 2019Parent company (100%)Arne MatthiasArne MatthiasXoloXoloDiamos AGDiamos AGAlfons W. HenselerAlfons W. HenselerChina UnionPayChina UnionPayDeutsche Bank AGDeutsche Bank AGRuprecht ServicesPte. Ltd.A7Ruprecht Services Pte. Ltd.A7: Compulsory liquidation in Singapore (winding-up order of 25 February 2022)Nomu Pay LtdNomu Pay LtdWirecard Ödeme veElektronik ParaHizmetleri A.Ş.Wirecard Ödeme ve Elektronik Para Hizmetleri A.Ş.Rüdiger TrautmannRüdiger TrautmannGoomo HoldingsPte. Ltd.Goomo Holdings Pte. Ltd.Schutzgemeinschaftder Kapitalanlegere.V. (SdK)Schutzgemeinschaft der Kapitalanleger e.V. (SdK)ING-DiBa AGING-DiBa AGRajah & TannSingapore LLPRajah & Tann Singapore LLPDeufol SEDeufol SEAURIN InvestmentGroup GmbHAURIN Investment Group GmbHWirecard CentralEastern EuropeGmbHA4Wirecard Central Eastern Europe GmbHA4: Austrian insolvency; business sold with effect from 30 September 2020Ulla ReischUlla ReischSebastian KraheSebastian KraheAldi SüdAldi SüdFinancialIntelligence Unit(Germany)Financial Intelligence Unit (Germany)Wirecard Bank AGA26Wirecard Bank AGA26: Intensive anti-money-laundering supervision from 15 July 2019; BaFin fines of EUR 60,000 (2021)Alexander vonKnoopA12Alexander von KnoopA12: Indicted in Munich on 31 July 2024 for breach of trust; opening of trial pendingBavarian SupremeRegional CourtBavarian Supreme Regional CourtWirecardLuxembourg S.A.Wirecard Luxembourg S.A.Wulf MatthiasA14Wulf MatthiasA14: Investigation reported in 2021; no charge recordedMonetary Authorityof SingaporeMonetary Authority of SingaporeBank Sarasin AGBank Sarasin AGCredit SuisseCredit SuisseM. K. TolentinoM. K. TolentinoINGINGEcount Inc.Ecount Inc.FinancialReportingEnforcement Panel(DPR)Financial Reporting Enforcement Panel (DPR)Commerzbank AGCommerzbank AGCorporateEnforcementAuthority(Ireland)Corporate Enforcement Authority (Ireland)Bank of thePhilippine IslandsBank of the Philippine IslandsSreelekha SankarSreelekha SankarWirecardAcceptanceTechnologies GmbHA1Wirecard Acceptance Technologies GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Daniel HeuserDaniel HeuserAl Alam SolutionProviderA8Al Alam Solution ProviderA8: In liquidation from 15 May 2020Munich I PublicProsecutorMunich I Public ProsecutorMarkus BraunA10 · A21 · A22 · A23Markus BraunA10: Indicted in Munich on 10 March 2022; trial continuing in 2026, no judgment · A21: Model defendant in the investor model proceeding 101 Kap 1/22; allegations not decided · A22: Ordered to pay EUR 140 million to the insolvency administrator (5 September 2024; not final) · A23: Attachment of EUR 140 million confirmed by the Munich court (9 June 2022)Federal FinancialSupervisoryAuthority (BaFin)Federal Financial Supervisory Authority (BaFin)Michael JafféMichael JafféWirecard SingaporePte. Ltd.Wirecard Singapore Pte. Ltd.OCAP ManagementPte. Ltd.A6 · A32OCAP Management Pte. Ltd.A6: In liquidation in Singapore since December 2020 · A32: Funds frozen in Singapore (2020) and restrained by court order (3 November 2023)Commercial AffairsDepartment(Singapore PoliceForce)Commercial Affairs Department (Singapore Police Force)Citibank, N.A.Citibank, N.A.oCap Asia PacificHoldingsoCap Asia Pacific HoldingsRessourceManagement SystemsPte.Ressource Management Systems Pte.KPMG AGWirtschaftsprüfungsgesellschaftKPMG AG WirtschaftsprüfungsgesellschaftCitibank OverseasInvestmentCorporationCitibank Overseas Investment CorporationSystems@Work (M)SDN BHDSystems@Work (M) SDN BHDDeutscheBundesbankDeutsche BundesbankWirecard IssuingTechnologies GmbHA1Wirecard Issuing Technologies GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Stephan Freiherrvon ErffaA10 · A19Stephan Freiherr von ErffaA10: Indicted in Munich on 10 March 2022; trial continuing in 2026, no judgment · A19: Reported admission of forging documents for the KPMG special investigation (2022)Susanne SteidlA12Susanne SteidlA12: Indicted in Munich on 31 July 2024 for breach of trust; opening of trial pendingWirecardTechnologies GmbHA1Wirecard Technologies GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Burkhard LeyA11Burkhard LeyA11: Indicted in Munich on 12 December 2023MBBeteiligungsgesellschaft mbHA5 · A33MB Beteiligungsgesellschaft mbHA5: Provisional insolvency administration (21 February 2024) · A33: BaFin criminal complaint for insider trading over share sales (July 2020)Ernst & Young GmbHWirtschaftsprüfungsgesellschaftA21 · A28Ernst & Young GmbH WirtschaftsprüfungsgesellschaftA21: Model defendant in the investor model proceeding 101 Kap 1/22; allegations not decided · A28: APAS sanctions for breaches of professional duties in the 2016-2018 audits (31 March 2023)CitadelleCorporate ServicesPte. Ltd.Citadelle Corporate Services Pte. Ltd.Michael BrinkmannMichael BrinkmannCarlos HäuserCarlos HäuserWirecard AsiaHolding Pte. Ltd.Wirecard Asia Holding Pte. Ltd.Edo KurniawanA15Edo KurniawanA15: Wanted in Singapore (arrest warrant and INTERPOL red notice, 2023)RSM SG AssuranceLLPRSM SG Assurance LLPThomas EichelmannThomas EichelmannHermes I TicketsPte LtdHermes I Tickets Pte LtdWirecard(Gibraltar) Ltd.Wirecard (Gibraltar) Ltd.LandesbankBaden-WürttembergLandesbank Baden-WürttembergJames H. Freis,Jr.James H. Freis, Jr.Daniel SteinhoffDaniel SteinhoffWirecard Acquiring& Issuing GmbHWirecard Acquiring & Issuing GmbHThorsten HoltenThorsten HoltenStefan KlestilStefan KlestilcardSystems MiddleEast FZ-LLCcardSystems Middle East FZ-LLCPayEasy SolutionsInc.PayEasy Solutions Inc.Wirecard Asia Pte.Ltd.Wirecard Asia Pte. Ltd.Senjo GroupSenjo GroupHolvi PaymentServices OyHolvi Payment Services OyThomas MichaelRichard JenningsThomas Michael Richard JenningsKalixa PaymentsGroup Pte. Ltd.Kalixa Payments Group Pte. Ltd.RP Richter GmbHWirtschaftsprüfungsgesellschaftRP Richter GmbH WirtschaftsprüfungsgesellschaftProcard ServicesFZ LLCProcard Services FZ LLCPaymentTechnologies Ltd.Payment Technologies Ltd.Safe2Pay Pte. Ltd.Safe2Pay Pte. Ltd.Wirecard IndiaPrivate Ltd.Wirecard India Private Ltd.Artisan PartnersAsset ManagementInc.Artisan Partners Asset Management Inc.Shan RajaratnamShan RajaratnamWirecard GlobalSales GmbHA1Wirecard Global Sales GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Andrea GörresAndrea GörresClick2Pay GmbHClick2Pay GmbHWirecard SalesInternationalHolding GmbHA1Wirecard Sales International Holding GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Oliver BellenhausA10Oliver BellenhausA10: Indicted in Munich on 10 March 2022; trial continuing in 2026, no judgmentJan MarsalekA13 · A17 · A18 · A31Jan MarsalekA13: Wanted on a German arrest warrant since 2020 · A17: Identified by the prosecution in a UK espionage case as the agent "Rupert Ticz" (sentencing remarks of 12 May 2025) · A18: Reported links to Russian intelligence (investigative media, 2020 and 2022) · A31: Irish director-disqualification case adjourned because he could not be servedCitigroup Inc.Citigroup Inc.Wirecard AGA1 · A9 · A20 · A24 · A25 · A34Wirecard AGA1: Insolvency proceedings opened by the Munich court (25 August 2020) · A9: EUR 1.9 billion of reported trust balances most likely did not exist (June 2020) · A20: BaFin criminal complaints for market manipulation; premises searched on 5 June 2020 · A24: Annual accounts for 2017 and 2018 declared void (5 May 2022) · A25: BaFin fine of EUR 1.52 million for reporting breaches (15 April 2019) · A34: Press reports on suspected forgery in Singapore and on opaque TPA partners (2019)Newcastle BuildingSocietyNewcastle Building SocietyWirecard CardSolutions Ltd.A27Wirecard Card Solutions Ltd.A27: FCA requirements imposed on 26 June 2020 and eased from 29-30 June 2020Financial ConductAuthorityFinancial Conduct AuthorityABN Amro Bank N.V.ABN Amro Bank N.V.Wirecard BrazilS.A.Wirecard Brazil S.A.Wirecard MalaysiaSDN BHDWirecard Malaysia SDN BHDWirecard PaymentSolutions MalaysiaSDN BHDWirecard Payment Solutions Malaysia SDN BHDGoldman SachsGroup, Inc.Goldman Sachs Group, Inc.InfoGenie GlobalGmbHInfoGenie Global GmbHSusanaQuintana-PlazaSusana Quintana-PlazaRCS Management(Luxembourg) S.àr.l.RCS Management (Luxembourg) S.à r.l.WD Invest S.à r.l.WD Invest S.à r.l.WirecardProcessing FZ LLCWirecard Processing FZ LLCBrigitteHäuser-AxtnerA16Brigitte Häuser-AxtnerA16: Extradited from Singapore to Germany on suspicion (30 March 2026)Wirecard RomaniaS.A.Wirecard Romania S.A.Romcard S.A.Romcard S.A.SIBSSIBSHerview Ltd.Herview Ltd.WirecardCommunicationServices GmbHA2Wirecard Communication Services GmbHA2: Insolvency proceedings opened by the Leipzig court (31 August 2020)Wirecard MexicoS.A. de C.V.Wirecard Mexico S.A. de C.V.Wirecard NZ LtdWirecard NZ LtdWirecard PolandSp. z o.o.Wirecard Poland Sp. z o.o.Fieldfisher LLPFieldfisher LLPWirecard PaymentSolutions HongKongWirecard Payment Solutions Hong KongInfoGenieDeutschland GmbHInfoGenie Deutschland GmbHnet sales GmbHnet sales GmbHGI PhilippinesCorpGI Philippines CorpRailsbankTechnology LimitedRailsbank Technology LimitedWirecard RetailServices GmbHWirecard Retail Services GmbHIntertrust(Luxembourg) S.àr.l.Intertrust (Luxembourg) S.à r.l.PT WirecardTechnologiesIndonesiaPT Wirecard Technologies IndonesiaWirecard (Vietnam)Ltd.Wirecard (Vietnam) Ltd.SupercardSolutions &Services S.R.L.Supercard Solutions & Services S.R.L.PT Prima VistaSolusiPT Prima Vista SolusiWirecard PaymentServices (Namibia)(Pty) LtdWirecard Payment Services (Namibia) (Pty) LtdWirecard PaymentSolutions HoldingsLtd.Wirecard Payment Solutions Holdings Ltd.Markus-KonradFuchsA30Markus-Konrad FuchsA30: Disqualified as a company director in Ireland for nine yearsHeiner BauerHeiner BauerWirecard U.S.Holding, Inc.Wirecard U.S. Holding, Inc.Wirecard AustraliaA&I Pty Ltd.Wirecard Australia A&I Pty Ltd.WDB US, Inc.WDB US, Inc.InfoGenieComService GmbHInfoGenie ComService GmbHWirecard MyanmarLtd.Wirecard Myanmar Ltd.Wirecard AfricaHoldingProprietary Ltd.Wirecard Africa Holding Proprietary Ltd.Lloyds BankCorporate MarketsWertpapierhandelsbankLloyds Bank Corporate Markets WertpapierhandelsbankcardSystems FZ-LLCcardSystems FZ-LLCPro CardKartensysteme GmbHPro Card Kartensysteme GmbHWirecard ServiceTechnologies GmbHA1Wirecard Service Technologies GmbHA1: Insolvency proceedings opened by the Munich court (25 August 2020)Singapore PoliceForceSingapore Police ForceBaker Tilly GmbH &Co. KGWirtschaftsprüfungsgesellschaftBaker Tilly GmbH & Co. KG WirtschaftsprüfungsgesellschaftGreat IndianRetail GroupGreat Indian Retail GroupLibya CementCompanyLibya Cement CompanyBlackRock Inc.BlackRock Inc.Crédit AgricolePayment ServicesCrédit Agricole Payment ServicesWirecard UK andIreland Ltd.A3Wirecard UK and Ireland Ltd.A3: Being wound up by the Irish court (order of 28 October 2020)PayoneerPayoneerAmra BlumeAmra BlumeWirecard Hong KongLtd.Wirecard Hong Kong Ltd.Andrea FaraceAndrea FaraceInfoGenie Ltd.InfoGenie Ltd.Jupiter AssetManagement Ltd.Jupiter Asset Management Ltd.Auditor OversightBody (APAS)Auditor Oversight Body (APAS)Dan McCrumDan McCrumBonatal TradingIndustries Ltd.Bonatal Trading Industries Ltd.Moelis & CompanyMoelis & CompanyRiccardo IncaniRiccardo IncaniNabila NouinouNabila NouinouJörg MöllerJörg MöllerFederal SecurityService of Russia(FSB)Federal Security Service of Russia (FSB)ThomasSchellenbacherThomas SchellenbacherWirecard SouthAfrica ProprietaryLtd.Wirecard South Africa Proprietary Ltd.Wirecard NorthAmerica Inc.Wirecard North America Inc.Kestrel MergersAcquisitions Corp.Kestrel Mergers Acquisitions Corp.Wirecard SolutionsSouth Africa (Pty)LtdWirecard Solutions South Africa (Pty) LtdChristian vonHammel-BontenChristian von Hammel-BontenHelen MargaretMeehanHelen Margaret MeehanWirecard Slovakias.r.o.Wirecard Slovakia s.r.o.Salim Chujfi LaRocheSalim Chujfi La RocheIrish Auditing andAccountingSupervisoryAuthorityIrish Auditing and Accounting Supervisory AuthorityMyGateCommunications PtyLtd.MyGate Communications Pty Ltd.Oversea-ChineseBankingCorporationOversea-Chinese Banking CorporationHamesh LtdHamesh LtdLuigi MaulaLuigi MaulaYiannakis IoannouYiannakis IoannouTEAM TREUHAND GmbHTEAM TREUHAND GmbHSpeedinvest GmbHSpeedinvest GmbHFederal CriminalPolice Office(BKA)Federal Criminal Police Office (BKA)Martin WeissMartin WeissWirecard(Thailand) Co.Ltd.Wirecard (Thailand) Co. Ltd.Control RisksGroup Ltd.Control Risks Group Ltd.Markus PlänitzMarkus PlänitzCrédit AgricoleCorporate andInvestment BankCrédit Agricole Corporate and Investment BankE-PaymentsSingapore Pte.Ltd.E-Payments Singapore Pte. Ltd.Wirecard LLCWirecard LLCCenshare AGCenshare AGAlan WhiteAlan WhiteLimburg an derLahn Local CourtLimburg an der Lahn Local CourtMunich Local CourtMunich Local CourtAttorney-General'sChambers(Singapore)Attorney-General's Chambers (Singapore)XCOMXCOMTom SchmidtTom SchmidtThomas NeeffThomas NeeffBelview PartnersGmbHBelview Partners GmbHEric PudewillEric PudewillJupiter FundManagement plcJupiter Fund Management plcBeijing WirecardTechnologySolutions Co. Ltd.Beijing Wirecard Technology Solutions Co. Ltd.SIX PaymentServicesSIX Payment ServicesTrans Infotech(Laos) Ltd.Trans Infotech (Laos) Ltd.Mizuho BankMizuho BankWirecard AustraliaPty LtdWirecard Australia Pty LtdE-Credit PlusCorp.E-Credit Plus Corp.PagSeguro DigitalLtd.PagSeguro Digital Ltd.AnastassiaLauterbachAnastassia LauterbachThe Dun &Bradstreet Corp.The Dun & Bradstreet Corp.Federal Court ofJustice (Germany)Federal Court of Justice (Germany)PayonePayoneEuropean CentralBankEuropean Central BankFederal Ministryof Finance(Germany)Federal Ministry of Finance (Germany)Nicole LieberaNicole LieberaChristoph SchotteChristoph SchotteGI Technology Pte.Ltd.GI Technology Pte. Ltd.Banco SantanderBanco SantanderSyncapay, Inc.Syncapay, Inc.Emerging Fund1AEmerging Fund1AAlken LuxembourgS.A.Alken Luxembourg S.A.Financial TimesFinancial TimesAlison GrayA29Alison GrayA29: IAASA settlement: severe reprimand and fine for the audit of Wirecard UK and IrelandTony KellyA29Tony KellyA29: IAASA settlement: severe reprimand and fine for the audit of Wirecard UK and IrelandVuyiswa V.M'CwabeniVuyiswa V. M'CwabeniEuropeanSecurities andMarkets Authority(ESMA)European Securities and Markets Authority (ESMA)easyJet plceasyJet plcGerman BundestagGerman BundestaggomoPagomoPaEuropeanParliamentEuropean ParliamentFrankfurt am MainHigher RegionalCourtFrankfurt am Main Higher Regional CourtMunich HigherRegional CourtMunich Higher Regional CourtMunich I RegionalCourtMunich I Regional CourtStefan BuckStefan BuckBDO Unibank, Inc.BDO Unibank, Inc.Wirecard E-MoneyPhilippines Inc.Wirecard E-Money Philippines Inc.Wirecard ForexIndia Pte LtdWirecard Forex India Pte LtdOrlin RoussevOrlin RoussevTina KleingarnTina KleingarnTuscany CapitalAdvisors Pte. Ltd.Tuscany Capital Advisors Pte. Ltd.Bettina FunkBettina FunkSoftBank GroupCorp.SoftBank Group Corp.American PaymentHolding Inc.American Payment Holding Inc.

Solid line: documented. Amber dashed: reported. Grey dotted: hypothesis. One arrow: the relationship as stated; two arrows: reciprocal; no arrow: symmetric. A path between two parties does not transfer an allegation from one to the other.

every party and relationship in full, as text ↓

Information markers
  • A1 · Insolvency proceedings opened by the Munich court (25 August 2020) — Wirecard Service Technologies GmbH
  • A9 · EUR 1.9 billion of reported trust balances most likely did not exist (June 2020) — Wirecard AG
  • A20 · BaFin criminal complaints for market manipulation; premises searched on 5 June 2020 — Wirecard AG
  • A24 · Annual accounts for 2017 and 2018 declared void (5 May 2022) — Wirecard AG
  • A25 · BaFin fine of EUR 1.52 million for reporting breaches (15 April 2019) — Wirecard AG
  • A34 · Press reports on suspected forgery in Singapore and on opaque TPA partners (2019) — Wirecard AG
  • A2 · Insolvency proceedings opened by the Leipzig court (31 August 2020) — Wirecard Communication Services GmbH
  • A26 · Intensive anti-money-laundering supervision from 15 July 2019; BaFin fines of EUR 60,000 (2021) — Wirecard Bank AG
  • A3 · Being wound up by the Irish court (order of 28 October 2020) — Wirecard UK and Ireland Ltd.
  • A4 · Austrian insolvency; business sold with effect from 30 September 2020 — Wirecard Central Eastern Europe GmbH
  • A27 · FCA requirements imposed on 26 June 2020 and eased from 29-30 June 2020 — Wirecard Card Solutions Ltd.
  • A10 · Indicted in Munich on 10 March 2022; trial continuing in 2026, no judgment — Oliver Bellenhaus
  • A21 · Model defendant in the investor model proceeding 101 Kap 1/22; allegations not decided — Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft
  • A22 · Ordered to pay EUR 140 million to the insolvency administrator (5 September 2024; not final) — Markus Braun
  • A23 · Attachment of EUR 140 million confirmed by the Munich court (9 June 2022) — Markus Braun
  • A13 · Wanted on a German arrest warrant since 2020 — Jan Marsalek
  • A17 · Identified by the prosecution in a UK espionage case as the agent "Rupert Ticz" (sentencing remarks of 12 May 2025) — Jan Marsalek
  • A18 · Reported links to Russian intelligence (investigative media, 2020 and 2022) — Jan Marsalek
  • A31 · Irish director-disqualification case adjourned because he could not be served — Jan Marsalek
  • A11 · Indicted in Munich on 12 December 2023 — Burkhard Ley
  • A12 · Indicted in Munich on 31 July 2024 for breach of trust; opening of trial pending — Susanne Steidl
  • A19 · Reported admission of forging documents for the KPMG special investigation (2022) — Stephan Freiherr von Erffa
  • A14 · Investigation reported in 2021; no charge recorded — Wulf Matthias
  • A30 · Disqualified as a company director in Ireland for nine years — Markus-Konrad Fuchs
  • A16 · Extradited from Singapore to Germany on suspicion (30 March 2026) — Brigitte Häuser-Axtner
  • A5 · Provisional insolvency administration (21 February 2024) — MB Beteiligungsgesellschaft mbH
  • A33 · BaFin criminal complaint for insider trading over share sales (July 2020) — MB Beteiligungsgesellschaft mbH
  • A8 · In liquidation from 15 May 2020 — Al Alam Solution Provider
  • A6 · In liquidation in Singapore since December 2020 — OCAP Management Pte. Ltd.
  • A32 · Funds frozen in Singapore (2020) and restrained by court order (3 November 2023) — OCAP Management Pte. Ltd.
  • A7 · Compulsory liquidation in Singapore (winding-up order of 25 February 2022) — Ruprecht Services Pte. Ltd.
  • A28 · APAS sanctions for breaches of professional duties in the 2016-2018 audits (31 March 2023) — Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft
  • A15 · Wanted in Singapore (arrest warrant and INTERPOL red notice, 2023) — Edo Kurniawan
  • A29 · IAASA settlement: severe reprimand and fine for the audit of Wirecard UK and Ireland — Tony Kelly

Markers apply only to the named participant. They do not transfer allegations to connected parties.

Participants 245

Subject

  • Wirecard AG also known as Wire Card AG · InfoGenie Europe AG

Leadership

Group companies

Counterparties

Historical

Other

Relationship register 369

chronology

  1. The company that became Wirecard AG is incorporated in Berlin c-id-registration
  2. Wirecard shares are listed c-own-2018
  3. Wirecard buys XCOM and renames it Wirecard Bank c-bank-origin
  4. Wirecard AG is registered in Munich under HRB 169227 c-id-registration c-lead-2007-board
  5. Wirecard agrees to buy E-Credit Plus Pte. Ltd. of Singapore c-acq-ecredit
  6. Jan Marsalek joins the management board c-lead-2010-marsalek c-lead-2010-board
  7. Wirecard takes over the Newcastle Building Society prepaid card business and buys Systems@Work c-acq-newcastle c-acq-2011
  8. Wirecard signs agreements to buy the GI Retail payment business in India c-asia-gi-retail
  9. EY's concurrence memorandum on Wirecard's role in third-party acquiring c-aud-rp-concurrence
  10. The management board instructs EY's forensic service to carry out Projekt Ring c-asia-ring-mandate
  11. The purchase of Citi Prepaid Card Services closes c-acq-2017
  12. EY signs an unqualified opinion on the 2016 consolidated accounts c-asia-ring-opinion
  13. Preliminary law-firm report on the Singapore whistleblower allegations c-asia-sg-whistleblower
  14. EUR 1,750 million syndicated revolving credit facility c-fin-rcf-2018
  15. Wirecard AG enters the DAX 30 index c-id-dax
  16. The Financial Times reports the Singapore whistleblower allegations c-asia-sg-ft c-aud-rp-2018-audit
  17. BaFin bans short selling of Wirecard shares c-sup-short-ban
  18. BaFin fines Wirecard AG EUR 1.52 million for reporting breaches c-sup-fine-2019
  19. Binding term sheet for the SoftBank-linked convertible bond c-fin-softbank
  20. Wirecard AG issues EUR 500 million of 0.50% notes due 2024 c-fin-bond-2019
  21. KPMG begins its special investigation c-aud-kpmg-timeline
  22. Security deposit for Ruprecht Services raised to EUR 40 million, according to the prosecution c-mca-security-deposit
  23. EUR 100 million reaches OCAP and is transferred on the same day, according to the prosecution c-mca-ocap-flow
  24. KPMG's report is published; Wirecard announces that it found no evidence of manipulation c-aud-kpmg-adhoc c-aud-kpmg-esma
  25. EY cannot confirm EUR 1.9 billion on trust accounts; Marsalek is suspended c-tpa-adhoc-2020-06-18 c-lead-2020-suspension
  26. Markus Braun resigns from the management board c-lead-2020-braun-exit
  27. Wirecard says the EUR 1.9 billion probably does not exist c-tpa-2020-06-22
  28. Wirecard AG applies to open insolvency proceedings c-ins-petition
  29. Insolvency proceedings opened; Michael Jaffé appointed administrator c-ins-opening
  30. ESMA publishes its peer review of BaFin and FREP c-sup-esma-findings
  31. Braun and Bellenhaus decline to answer the Bundestag committee of inquiry c-crim-bundestag-witnesses
  32. Sale of the European technology platform to the Santander group closes c-ins-santander
  33. The special investigators deliver their report on EY's audits c-tpa-rp-scope
  34. Braun, von Erffa and Bellenhaus are charged c-crim-indictment-2022
  35. Court declares Wirecard AG's 2017 and 2018 annual accounts void c-ins-annulment
  36. Singapore police charge three former Wirecard Asia Holding employees c-asia-sg-charges-2022
  37. The criminal trial begins in Munich c-crim-trial
  38. Auditor oversight body finds breaches of professional duties in the 2016–2018 audits c-aud-apas
  39. Two former Wirecard Asia Holding employees are convicted in Singapore c-asia-sg-convictions-2023
  40. The former chief financial officer is indicted c-crim-ley
  41. Two further former board members are indicted c-crim-knoop-steidl
  42. Civil court orders three former board members to pay EUR 140 million c-mca-civil-judgment
  43. The criminal chamber limits the charges c-crim-trial
  44. London sentencing remarks record the prosecution's case that Marsalek was the agent in a Russian spy case c-mar-uk-trial
  45. Federal Court of Justice rules on shareholders' claims in the insolvency c-ins-bgh-shareholders
  46. Federal Court of Justice upholds the administrator's claims to the auditor's working files c-aud-bgh-files
  47. Brigitte Häuser-Axtner is extradited from Singapore to Germany c-crim-haeuser-axtner
  48. Singapore's High Court rules on oCap Management's restrained funds c-mca-ocap-singapore-2026
  49. Presiding judge reportedly sees no indication that the TPA business existed c-crim-judge-2026

cite this dossier

DossierTwist, “Wirecard AG: the missing EUR 1.9 billion and its aftermath”, dt.041, 26 October 2026, https://dossiertwist.com/dossiers/wirecard-ag/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

Data: JSON, CSV and the network graph.

share

We listen to all sides: responses are shown next to the claims they answer. To send a correction or a reply, write to dossiertwist@proton.me.