Former Wirecard CEO Braun has been arrested
BERLIN — The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros , prosecutors in Munich said Tuesday.
On Monday, Wirecard WDI, +21.37% said its management board “assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion euros do not exist.”
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