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Wirecard collapsed in June 2020 over a €1.9 billion hole in its balance sheet

2 more Wirecard executives charged on accounting scandal

German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office today, casting their net wider in investigations into one of Germany's biggest corporate scandals.

Business • 06 Aug 24

The former Wirecard CEO Markus Braun has denied all allegations as he took to the stand in Germany's biggest post-war fraud trial

Wirecard boss denies charges in massive fraud trial

The former boss of Wirecard today expressed his "deepest regret" over the collapse of the defunct payments company but denied all allegations as he took to the stand in Germany's biggest post-war fraud trial.

Business • 13 Feb 23

Former Wirecard CEO Markus Braun in the District Court in Munich

Wirecard boss's lawyer calls claim 'absurd' in trial

The former Wirecard CEO Markus Braun began his defence in Germany's biggest post-war fraud trial today, as his lawyer dismissed allegations of wrongdoing at the defunct payments company as "absurd" and prejudiced.

Business • 12 Dec 22

The former CEO of Wirecard, Markus Braun, has been in custody since his arrest in 2020

Former Wirecard boss goes on trial in fraud scandal

The trial of the former Wirecard chief executive who steered the payments company through its rise and collapse two years ago in a fraud scandal that shook German politics and tarnished its business reputation has gotten under way.

Business • 08 Dec 22

A verdict in the Munich court is not expected until 2024 at the earliest

Wirecard on trial in Germany's biggest fraud trial

Former Wirecard executives go on trial this week, two years after the collapse of the payments company that produced Germany's biggest post-war fraud scandal and sent shockwaves through the country's political and financial establishment.

Business • 06 Dec 22

Wirecard's former chief executive Markus Braun at today's German inquiry

Former Wirecard boss Braun stonewalls German inquiry

Wirecard's former boss stonewalled questions from politicians today when he was temporarily released from jail for an inquiry into post-war Germany's biggest corporate fraud.

Business • 19 Nov 20

The implosion of what was seen as a German success story once worth $28 billion has embarrassed the government

German lawmakers launch probe into Wirecard collapse

German politicians have launched a parliamentary enquiry into the collapse of payments firm Wirecard, a probe that will force the government to reveal more about a failure to avert the country's biggest post-war corporate fraud.

Business • 01 Sep 20

Police and public prosecutors raided Wirecard's headquarters in Munich today

Police raid Wirecard HQ, administrator kicks off sales

Police and public prosecutors raided Wirecard's headquarters in Munich and four properties in German and Austria today as they widened their fraud investigation into the payments company that collapsed last week.

Business • 01 Jul 20

German payments company Wirecard has filed insolvency proceedings

Germany's Wirecard files for insolvency

Wirecard collapsed today owing creditors about €3.5 billion after disclosing a gaping hole in its books in Germany's worst accounting scandal.

Business • 25 Jun 20

Former Wirecard boss Markus Braun, who was arrested on suspicion of falsifying the German payments firm's accounts, has been released on €5m bail

Wirecard's former CEO cut stake before quitting role

Former Wirecard chief executive Markus Braun, who was arrested on suspicion of falsifying the German payments firm's accounts, has been released from custody, his lawyer said today.

Business • 24 Jun 20

The Wirecard fraud scandal is threatening to further undermine Germany's once-prized reputation for integrity

Wirecard 'disaster' highlights corporate reform need

Wirecard's fall from grace has prompted calls for an overhaul of Germany's system of corporate oversight, as the fraud scandal threatened to further undermine the country's once-prized reputation for integrity.

Business • 23 Jun 20

Wirecard's former CEO Markus Braun was arrested on suspicion of market manipulation

Wirecard CEO to be released on bail of €5m

Wirecard's former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a €1.9 billion financial hole and questioned whether trustees had actually held money on its behalf.

Business • 23 Jun 20

Wirecard's chief executive Markus Braun has resigned

Wirecard CEO quits amid search for missing billions

The chief executive of Wirecard resigned today after the search for €1.9 billion of cash missing from the embattled electronic payments firm hit a dead end in the Philippines.

Business • 19 Jun 20

Wirecard CEO Markus Braun said the company was urgently seeking to clarify the balances in question

Wirecard faces loan crunch over missing €1.9 billion

Wirecard's auditor has refused to sign off its 2019 accounts over a missing €1.9 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.

Business • 18 Jun 20

Markus Braun