About: http://data.cimple.eu/news-article/7680081454c36ebb78da868986656df2ec4e1d0d57dfb8be22d115dc

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Germany will hold a full parliamentary inquiry on October 8 into the stunning collapse of payments provider Wirecard, a fraud which has been described as "unparalleled". "The biggest scandal in the history of post-war Germany must be clarified," said Fabio De Masi, deputy chief of the far-left Linke party. Digital payments provider Wirecard, once a rising star in the booming fintech sector, collapsed spectacularly in June after the company was forced to admit to a 1.9-billion-euro ($2.3 billion) hole in its balance sheet. The company's former CEO Markus Braun and several other top executives have since been arrested on fraud charges. It was kicked out of Germany's blue-chip DAX index in August after its share price fell 99 percent in the year to date. The scandal is proving embarrassing for Chancellor Angela Merkel's right-left coalition in the lead-up to next year's general election. Finance Minister Olaf Scholz is particularly under pressure as his ministry oversees the regulatory authority that has come under fire for missing the colossal fraud. Scholz and other members of Merkel's cabinet had faced grilling behind closed doors over the case but MPs have pushed for the full inquiry as they have been unable to clear up the case. In a bid to turn the page on the damaging saga, Scholz has announced plans to toughen up oversight and auditing of the sector. hmn/dlc/rl
schema:headline	Germany plans Oct 8 full inquiry on Wirecard collapse
schema:mentions	Johann Martin Augustin Scholz Cabinet of the United Kingdom 2017 United Kingdom general election Far-left politics Finance minister Olaf Scholz Federal Reserve Angela Merkel Germany Chief executive officer Fabio De Masi Markus Braun Wirecard Financial technology DAX
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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