Ex-Wirecard chief goes on trial over 'unparalleled' fraud

By Agence France-Presse

Dec 06, 2022 12:04 am

FRANKFURT, Germany: Former Wirecard chief executive officer Markus Braun goes on trial in Munich this week for his role in the collapse of the once-celebrated payments firm, brought down by the biggest accounting fraud scandal in German corporate history.

Austrian-born Braun and two other former Wirecard executives will appear in the dock from Thursday on charges of commercial gang fraud, breach of trust, market manipulation and accounting manipulation.

Markus Braun waits to face a public grilling by lawmakers in Germany’s capital Berlin on Nov. 19, 2020 over the massive accounting fraud that brought down Wirecard. AFP FILE PHOTO

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