Wirecard ex-CEO Markus Braun is arrested in Germany days after the company revealed a $2 billion accounting hole
Wirecard’s recently departed chief executive, Markus Braun, was arrested by police, days after the German payments company revealed a $2 billion hole in its books.
Munich city prosecutors said he was arrested late Monday on suspicion of presenting false information. It was a swift turn of events for Mr. Braun, who was Wirecard’s largest shareholder and served as CEO for nearly two decades until he resigned last Friday.
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