Spying claims are latest twist in Germany's Wirecard thriller
The plot thickens in the spectacular collapse of payment
provider Wirecard: the Austrian man at large over Germany's worst financial
fraud scandal may also have had links to secret services.
Jan Marsalek, Wirecard's former chief operating officer, has
vanished since the technology company was busted for what accountants described
as an "elaborate and sophisticated fraud".
Once a darling of the fintech scene, the payments provider
filed for insolvency in June after being forced to admit that 1.9 billion euros
($2.1 billion) missing from its accounts likely did not exist.
Wirecard's former chief executive and founder Markus Braun
turned himself in to police, but Marsalek remains at large.
On Friday, the Financial Times and Austrian daily Die Presse
in separate reports said Marsalek had access to highly confidential
information, suggesting he had links to secret services.
Novichok recipe
Marsalek passed on confidential information from Austria's
secret services and interior ministry to the far-right Freedom Party (FPOe), said
Die Presse.
The exchange took place through a middle man identified as
Florian S., who was reportedly close to the FPOe.
The information allegedly fuelled the FPOe's mistrust of its
then coalition partner, culminating in controversial police raids of the
intelligence services in 2018.
Marsalek also flaunted his access to secret information in
Britain, according to a report in the Financial Times.
In an attempt to impress business associates, he is said to
have shown them documents containing the recipe for the nerve agent Novichok,
used to poison Russian-born ex-double agent Sergei Skripal and his daughter in
Britain in 2018.
According to the FT, Marsalek bragged about his links to
secret services in a bid to impress members of the London financial services
sector -- possibly part of efforts to identify speculators betting against the
Wirecard share price.
Sources interviewed by the FT said Marsalek had an
association with individuals or networks linked to Russia's military
intelligence directorate, the GRU, which Britain has blamed for the poison
attack.
Also in 2018, Marsalek is said to have unveiled a plan at
his lavish home in Munich to recruit 15,000 Libyan militiamen -- in a country
under growing influence from Russia and the GRU.
This project apparently had a humanitarian pretext, but its
true purpose remains unclear, according to sources cited by the FT.
False immigration records
Founded in 1999, the Bavarian start-up Wirecard rose from a
company piping cash to porn and gambling sites to a respectable electronic
payments provider that edged traditional lender Commerzbank out of the DAX 30
index.
Hailed as a champion of the burgeoning financial technology
scene, it boasted a market valuation of more than 23 billion euros at the time
-- outweighing even giant Deutsche Bank.
Wirecard's troubles began in January 2019 with a series of
articles in the Financial Times alleging accounting irregularities in its Asian
division, headed by Marsalek.
But at that time, the FT's journalists themselves came under
investigation over the reports as the financial technology company was able to
repeatedly fend off claims.
Since the scam unravelled in June, Germany's Bafin financial
watchdog has come under scrutiny for failing to prevent the scandal, while
German shareholders' association SdK has launched legal action against
accountancy
firm EY.
German Finance Minister Olaf Scholz has called the demise of
Wirecard an "unparalleled scandal", saying it underlined the need for
greater oversight of such financial firms.
An international arrest warrant has been issued for
Marsalek, with his whereabouts still unknown.
The trail had briefly led to the Philippines, whose
authorities said immigration records showed him arriving in the archipelago on
June 23 -- the day after he was fired -- before leaving for China on June 24.
But CCTV footage, airline manifests and other records show
no trace of him being in the country on those dates.
Authorities have since accused immigration employees of
falsifying records about Marsalek's movements.
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