Wirecard process: five million for the really big scam – economy


Stephen RadomskyMunich

Not even five million euros. That’s what it brought in to have helped organize what is believed to be the biggest fraud in German economic history. At least if you believe what Oliver Bellenhaus said. He was once the Dubai governor of the collapsed Wirecard group, today he is a key witness in the first criminal case surrounding the scandal. Almost five million euros, which came from opaque sources, were stored in the accounts of a company in the British Virgin Islands and were diverted from there to a Bellenhaus foundation in Liechtenstein. In doing so, he says, he wanted to circumvent the Islamic inheritance law that applies in Dubai because it puts women at a disadvantage. In the event of his death, however, the money was intended to protect his mother, his wife and his godchild.

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