Ex-CEO
“I had no knowledge of falsification or embezzlement,” Braun told the
It was Braun's first testimony since the trial opened in December. There are no formal pleas in the German legal system.
Prosecutors allege that Braun signed off on financial reports he knew were false. The firm allegedly booked nonexistent revenue it attributed to multiple partnerships in other countries and used fake documents to show it had funds that it did not, they contend.
The fraud cost banks
One of the central figures in the case, the company’s former chief operating officer,
Braun’s lawyers have said that he was unaware of machinations by others.
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