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Markus Braun: Investors can sue former Wirecard boss in Austria

2021-10-15T16:39:26.797Z

Ex-Wirecard boss Markus Braun is currently in custody in Bavaria. The charge: gang fraud. Now a court ruled that lawsuits are also possible in the neighboring country. Hundreds of shareholders are currently fighting for their money.



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Markus Braun (archive picture): The decisive factor was his place of residence in Vienna

Photo: Fabrizio Bensch / dpa

Investors in the insolvent German payment service provider Wirecard can sue former CEO Markus Braun in Austria.

The reason for this is Braun's residence in Vienna, as confirmed by the Innsbruck Higher Regional Court on Friday.

Viennese lawyers had brought a model action for damages.

Braun had argued against it that he no longer lives in his home country because of his ongoing custody in Bavaria.

Now the Tyrolean court found that the civil action is admissible in Austria.

According to its own statements, the Viennese law firm Aigner / Lehner / Zusatz represents hundreds of Wirecard investors who are fighting for their lost money in court in Munich and now partly also in Austria.

Investigators accuse Braun and other Wirecard managers of commercial gang fraud.

They are said to have defrauded banks and investors by three billion euros with the help of manipulated balance sheets.

ime / dpa

Source: spiegel

All business articles on 2021-10-15

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