The former boss of Wirecard on Monday expressed his 'deepest regret' over the collapse of the defunct payments company but denied all allegations as he took to the stand in Germany's biggest post-war fraud trial.
"I had no knowledge of counterfeiting or embezzlement," Braun told a court in Munich, describing the discovery of 1.9 billion euro hole in Wirecard's balance sheet as a "day of pain" for shareholders and employees.
Braun, who has spoken only briefly before at the trial to confirm his personal details, pushed back against that characterisation, saying he had relied on what he believed to be proper accounting and auditing. "There was in reality no life outside the company," he said, speaking throughout in a calm and concentrated voice.
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