The long-standing Wirecard CEO Markus Braun has been in custody since July 2020. Soon he will have to answer in court for gang fraud.
(Photo: dpa)
Dusseldorf, Berlin The Munich I district court has approved the indictment in the accounting scandal surrounding the former Dax group Wirecard. The Handelsblatt learned this from circles of those involved. This clears the way for one of the most spectacular economic criminal cases in the history of the Federal Republic.
The payment service provider Wirecard collapsed on June 18, 2020, when allegedly billions in bank assets in Asian accounts turned out to be wishful thinking. On June 25, 2020, Wirecard filed for insolvency, creditors were left with unpaid invoices totaling 12.4 billion euros.
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In March of this year, the Munich I public prosecutor brought charges against the long-standing CEO Markus Braun, the former Deputy CFO Stephan von Erffa and Oliver Bellenhaus, the former Wirecard governor in Dubai. The trio are charged with accounting fraud, market manipulation, particularly serious breaches of trust and gang fraud. Braun and Bellenhaus have been in custody since July 2020.
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Those involved expect the trial to begin in early 2023. The case will be heard before the fourth white collar crime chamber, chaired by Markus Födisch.
More to come