The German financial watchdog BaFin suspended one employee over Wirecard insider dealing allegations

BaFin has suspended and filed a criminal complaint against one of its employees who is suspected of having used insider information when trading Wirecard shares just before the payments company disclosed that €1.9bn in corporate cash was missing from its accounts.

The suspect, an unnamed employee of the securities supervision department, sold structured products based on Wirecard on June 17 last year, BaFin said.