2020-06-23T16:00:02+00:00

Former Wirecard CEO Markus Braun was arrested

The former CEO of Wirecard AG, Markus Braun, was arrested on Monday evening. Braun had been detained on suspicion of inflating Wirecard's revenues and balance sheet to make it appear more solid and attractive for investors and customers.

Wirecard acknowledged on Monday that €1.9 billion in missing cash, around a quarter of the company's assets, probably never existed in the first place.

Sources: Content Sources

Source: Deutsche Welle

Source: MSN

Source: Financial Times

Image Source

Wirecard

Pentributor:

Érico Andrei

@ericof

Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.

Card reviewed by: @christoph

Categorization: Locations & Places

Organizations & Institutions

Wirecard

Public Figures & People

Markus Braun

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