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Wirecard: the incredible scandal that shakes German finance

2022-12-07T19:03:49.428Z


STORY – The hearings begin this Thursday, two and a half years after the resounding bankruptcy of the payment specialist.


Will we finally know the truth about Wirecard, which in a few months has gone from being a brilliantly successful company to that of the biggest German financial scandal?

Two and a half years after its resounding bankruptcy, the trial which opens this Thursday in Munich should shed light on the actions of the leaders of this specialist in electronic payments.

They are accused of having falsified the accounts.

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On the dock: Markus Braun, 53, the former Austrian CEO of Wirecard, currently in detention, and alleged mastermind of the case.

In June 2020, he admitted that the company, considered at the height of its glory as a jewel, had fraudulently inflated its balance sheet by 1.9 billion euros.

Which caused his downfall.

At his side, two former executives of the finance start-up (fintech): Stephan von Erffa, former chief accountant, and Oliver Bellenhaus, former director of a subsidiary based in Dubai.

The great absentee

The latter admitted to the investigators to have committed embezzlement and will serve as…

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Source: lefigaro

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