June 22, 2020 / 8:30 AM / 13 days ago

German finance minister says supervision institutions did their job on Wirecard

FILE PHOTO: German Finance Minister Olaf Scholz attends a news conference, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany, June 17, 2020. REUTERS/Annegret Hilse/Pool

BERLIN (Reuters) - Regulators worked hard and did their job in the case of payments firm Wirecard, which on Monday said that 1.9 billion euros ($2.13 billion) missing from its accounts was likely never there, Finance Minister Olaf Scholz said on Monday.

“I think the supervisory institutions worked very hard and they did their job - this is what we see today,” Scholz, speaking via videolink from Berlin, told a finance conference in Frankfurt.

Writing by Paul Carrel; Editing by Michelle Martin

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