Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing

Business Insider

23 Jun 2020 0 shares 1 views

Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing

Business Insider

Published 23 Jun 2020

· *German payments firm Wirecard's former chief executive officer Markus Braun has been arrested by prosecutors after he turned himself in on Monday evening, according to reports.*
· *An arrest warrant was issued by Munich police in name of the former paper billionaire for market manipulation and over false statements of data...

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Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing

Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing

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Related news coverage

The UK's financial watchdog has allowed one of Wirecard's key businesses to resume operations after it froze all accounts last week

Wirecard stock soars 185% in a dead cat bounce after its week from hell, but is still down 97% in 2020

Wirecard is 'beyond salvagable,' according to one analyst, who says the company's rivals won't be able to benefit from its downfall

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More coverage

The Philippines is investigating Wirecard and its missing $2 billion, and a local lawyer says he's being framed, say reports