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BERLIN (AFN) - Markus Braun, who resigned abruptly last week as chief executive of Wirecard hit by a major accounting scandal, has been arrested. He is suspected by the German Public Prosecutor's Office of having falsely recorded the turnover figures. Braun turned himself in to the authorities after a warrant was issued.
Wirecard announced on Monday that nearly $ 2 billion in bank balances that went missing at the company may never have existed. The company withdrew its financial publications from recent years due to the fraud scandal. On the Frankfurt stock exchange, the Wirecard share in the DAX main index was rocketed by the affair.
The German authorities, including stock exchange regulator BaFin, have been investigating Wirecard for some time, recently also raiding the company in search of information.
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everything is fake
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