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PPE scandal was covered by the Auditor General. Libor fixing has, subsequently, been discovered not to be a crime (to the great embarrassment of the SFO who see
by skippyboxedhero 4y ago
PPE scandal was covered by the Auditor General. Libor fixing has, subsequently, been discovered not to be a crime (to the great embarrassment of the SFO who seem to have botched everything recently).
The significance of Wirecard may be the fact that one of the biggest German frauds of all time was uncovered by a British newspaper. And after it was discovered, top politicians continued to lobby aggressively for the country for over a year.
The level of corruption is unimaginable to Brits (imagine if Cameron was working directly for Putin...that is what Schroder is doing, indeed most of the SPD male parliamentarians have, one hears, been compromised in Moscow) precisely because of our open institutions. These do not exist in Germany (as has been widely acknowledged even within Germany after Wirecard).
The reason cases do not play out the same way here is because of the Auditor General, because of the FT...this kind of scrutiny is unimaginable to most countries in the EU (why would voters even have such a puerile interest in their representatives? They vote, we lead).