Big Sting: How Marsalek made 300 million disappear from Wirecard in one fell swoop

20 February 20222 years ago babelfish

How do you make two billion vanish from a company's accounts in a relatively short time? With shots well done, bordering on impudence, with the connivance of the top management and the guilty sloth of the controllers.

Jan Marsalek is the most wanted man in Europe, who disappeared the day after his dismissal in 2020, after the liquidity hole in the credit card system was discovered. Handelsblatt explains how he came to create a non-existent person and group to take home a lot, but a lot of money. This is where Rahul Shama, an Indian professional and manager, CEO and owner of the Indian payment company Hermes Group, enters the scene. Too bad that Hermes Group only exists on paper and that Rahul Shama just doesn't exist. Or rather, there are several Rahul Shamas, but none match the one Marsalek did business with, who used the name and profile photo of an obscure Indian doctor in Arizona. Hermes Group instead comes into existence when it is bought for 315 million by Wirecard. The mysterious Hermes Group, however, is never integrated into the German parent company because, shortly after, it is sold for 35 million euros to a financial company in the Maldives which then belongs to the seller himself. A single man who, with two moves, secures 280 million in profits. Not bad right?

Now obviously behind Rahul Shama there is none other than Marsalek, who, in addition to big swag, has secured a lot of luxury travel, first class, luxury dinners and hotels beyond five stars, all to deal with. the deal. Marsalek was COO, Chief Opertative Officer, in number two at Wirecard, but evidently his moves did not interest anyone in the company. What was Ernst & Young, the Wirecard auditor doing? Good question: an informant warned the auditing firm about the shady deal in progress, but she didn't check it out.

Marsalek now appears to be in Minsk, where he enjoys the protection of local authorities. He had left Germany right away, and with several hundred million in his pocket he can afford a comfortable life now. In the face of the shareholders of Wirecard and the German authorities

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The article Grandi Stangate: how Marsalek made 300 million disappear from Wirecard in one fell swoop comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/grandi-stangate-come-marsalek-fece-sparire-300-milioni-da-wirecard-in-un-colpo-solo/ on Sun, 20 Feb 2022 08:45:42 +0000.