German lawmakers turn sights on finance ministers in Wirecard fraud fiasco

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Fresh from toppling the head of Germany's top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies.

FRANKFURT - Fresh from toppling the head of Germany’s top financial regulator last week, lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies.

“The focus of the parliamentary inquiry will more and more shift to the role of Scholz and his ministry,” Florian Toncar, a lawmaker involved in the investigation said. But lawmakers are growing impatient, with some such as Danyal Bayaz saying Scholz has been slow to respond. But the SPD is struggling with voters, polling a distant third behind the CDU and the Greens, while criticism of Scholz is also emanating from within Merkel’s party.KUKIES CONNECTIONS

The finance ministry said that the bank’s supervisory board, on which Kukies sat, was not involved and learned of the loan only in the middle of last year.

 

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