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Tags: Germany | Wirecard

Ex-CEO of Wirecard Arrested in Case over Missing Billions

Ex-CEO of Wirecard Arrested in Case over Missing Billions

Tuesday, 23 June 2020 04:39 AM EDT

BERLIN (AP) —

The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday.

Markus Braun resigned on Friday after the company disclosed that auditors couldn’t find accounts containing the money.

On Monday, Wirecard said it has concluded that the money probably doesn’t exist.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday.Markus Braun resigned on Friday after the company disclosed that...
Germany,Wirecard
65
2020-39-23
Tuesday, 23 June 2020 04:39 AM
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