German prosecutor looking into regulator's handling of Wirecard

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By Tom Sims
FRANKFURT (Reuters) – Frankfurt prosecutors are looking into German financial regulator BaFin’s handling of collapsed payments company Wirecard, a spokesman for the prosecutor’s office said on Wednesday.
Prosecutors and federal police made an unannounced visit to BaFin’s headquarters on Wednesday to hand over a letter requesting information, the spokesman said.
BaFin has faced widespread criticism for failing to spot wrongdoing ahead of the collapse of the payments company, and its chief is stepping down.
BaFin declined to comment.
“We have received several letters from concerned citizens asking for charges against unnamed people from the BaFin,” the spokesman for the prosecutor’s office said.

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