Categories: World

Former Wirecard CEO Denies Involvement: ‘Everybody points to each other’ Related articles

Markus Braun, the former CEO of Wirecard, denies any involvement in the fraud scandal surrounding the German fintech company. Braun was cleared to speak for the first time in court today. He did not confess, but stressed how Wirecard grew under his leadership, says German correspondent Derk Marseille.

In addition to Braun, co-defendant Oliver Bellenhaus was also tried today. He was responsible for a branch of Wirecard in Dubai. During the case, the two prominent people mainly turned against each other, Marseille tells BNR.

Former Wirecard CEO Markus Braun was allowed to speak in court for the first time today. (Christopher Stache/AFP)

“The transfer of responsibility has continued quietly today. Everyone says they are only responsible for a small part of the accounting. Many things happened non-verbally during the hearing: the suspects exchanged angry looks and shrugged their shoulders when they heard the allegations,’ says Marseille.

Co-defendant missing

Meanwhile, another co-suspect, former pilot Jan Marsalek, is still missing. The Austrian is on Interpol’s international wanted list. Investigations by Bellingcat and Der Spiegel showed that he fled to Belarus shortly after setting off as a driver. Marsalek would now be in Russia.

The sentence on the case is still long: 100 days have been foreseen for the mega-trial. According to Marseille, however, there are no very high penalties. At most, it will lead to high fines for those involved. Germany does not have high penalties for fraud cases.

According to Marseille, this process mirrors Germany itself: ‘If anything has become clear, it is that the German system has failed on all fronts. Investors were told the company could be trusted, but there was a lack of stock exchange and government oversight.

Author: George Simonides
Source: BNR

Share
Published by
Sharon

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago