Commerzialbank – Trustee sues TPA auditors



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The amount of the action is 20 million euros because the banking law limits the responsibility of the auditor, emphasized Michael Lentsch, administrator and partner of the law firm Kosch & Partner, in a broadcast on Tuesday.

“According to the files, it is now completely clear and obvious that TPA did not conduct the tests with the necessary care,” Lentsch said. The auditor, who has been auditing Commerzialbank’s annual accounts since 2006, has “contributed to the fact that the damage, which currently amounts to 600 to 700 million euros, could reach this level.”

According to Lentsch, two of the bank’s main clients are said to have also filed lawsuits against TPA. In such a case, however, claims for damages of the Commerzialbank estate would take precedence over the other creditors.

Cooperative expert Michaela Schaffhauser-Linzatti from the University of Vienna said in an interview with ORF Burgenland that she did not see any responsibility on the part of the state in the case and that the double inspection order for TPA was “completely normal and customary” for itself. bank and for the majority owner. be. The Burgenland estate had previously been criticized on several occasions for having commissioned the same auditor that was already responsible for auditing the bank to examine the majority owner.

The SPÖ Burgenland sees this as confirmation of its demand for education at the federal level. Expert opinions like these would show that banking supervision, which is regulated exclusively in the federal government, can be assumed to be guilty, state manager Roland Fürst emphasized Tuesday. Therefore, he believes that the ÖVP with the U-Committee in the state parliament only wants to distract “from the failure of the ÖVP at the federal level.”



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