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Germany will have to change oversight laws after Wirecard case - Scholz

German Finance Minister Olaf Scholz arrives to attend a news conference, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany, June 17, 2020. REUTERS/Annegret Hilse/Pool/Files

BERLIN (Reuters) - The Wirecard WDIG.DE case will result in changes to laws on financial oversight, Finance Minister Olaf Scholz said on Friday, as German prosecutors probe alleged fraud, balance falsification and market manipulation at the collapsed firm.

“It’s about really getting to the bottom of what happened with Wirecard. It will lead to us having to change a whole range of national laws,” Scholz said.

Reporting by Joseph Nasr, editing by Thomas Escritt

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