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Munich Prosecutors File Charges Against Ex-Wirecard CEO (1)

March 14, 2022, 10:13 AM

(Updates with response from Markus Braun’s defense team in third and fourth bullets.)

Prosecutors in Munich have brought charges against former Wirecard CEO, the company’s former head of accounting and the former managing director of Wirecard unit CardSystems Middle East, according to emailed statement.

  • Charges include inaccurate accounting, market manipulation, embezzlement and fraud
  • Former Wirecard CEO Markus Braun identified in the statement as Dr. B.
  • Braun’s defense team tells Bloomberg News in a separate emailed statement that they “wholly reject the accusations”
    • Says the charges “suffer from serious deficiencies”
  • NOTE: Prosecutors Charge Ex-Wirecard Chief Braun, Handelsblatt Says

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