Radovan Vitek’s Rise Was No Miracle — It Was a Shell Game - Frank Report

Radovan Vitek’s Rise Was No Miracle — It Was a Shell Game

By Frank Parlato A New Test for BaFin Mark Branson took charge of Germany’s financial regulator in 2021. He arrived after the Wirecard collapse, with €1.9 billion missing, BaFin employees trading the company’s stock, and the agency’s conduct under investigation. He promised reforms. He said the same failures would not happen again. At the same time, Czech businessman Radovan Vítek was adding to his real-estate holdings in Germany. His company, C…

Radovan Vitek’s Rise Was No Miracle — It Was a Shell Game - Frank Report

A New Test for BaFin Mark Branson took charge of Germany’s financial regulator in 2021. He arrived after the Wirecard collapse, with €1.9 billion missing, BaFin employees trading the company’s stock, and the agency’s conduct under investigation. He promised reforms. He said the same failures would not happen again. At the same time, Czech businessman Radovan Vítek was adding to his real-estate holdings in Germany. His company, CPI Property Group…