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    WDI   DE0007472060

WIRECARD AG

(WDI)
End-of-day quote HANSEATISCHE WERTPAPIERBOERSE HAMBURG  -  2022-09-26
0.0141 EUR   -17.54%
07/12Wirecard used falsified client list to convince Softbank to invest €900m
AQ
07/11Wirecard Said to Have Faked Client Data to Obtain $914 Million Softbank Investment
MT
07/05Wirecard's accounting chief admits to forging documents in KPMG audit
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German prosecutors charge 3 with fraud in Wirecard collapse

03/14/2022 | 07:03am EDT

FRANKFURT, Germany (AP) — German prosecutors have charged the former CEO of payments company Wirecard and two other ex-managers with fraud and false accounting in connection with the firm's collapse last year amid allegations that much of its revenue and assets were faked.

Prosecutors in Munich said Monday that ex-CEO Markus Braun signed off on financial reports he knew were false. They said the firm booked nonexistent revenue it attributed to multiple partnerships in other countries and used fake documents to show it had funds that it did not.

The firm's former head of accounting and the managing director of a Dubai-based subsidiary also were charged.

The fraud cost banks 3.1 billion euros ($3.4 billion) in loans and writedowns, according to the prosecutors' statement.

One of the central figures in the case, the company's former chief operating officer Jan Marsalek, is being sought by authorities, prosecutors said.

Braun's attorney said the charges were “seriously flawed” and “assumed a false picture of the facts," the dpa news agency reported. The defense says Braun was unaware of machinations by others. He remains in custody.

Wirecard grew rapidly and wound up being listed among Germany's top blue-chip stocks before the firm filed insolvency proceedings in 2020, saying 1.9 billion euros that had been on its balance sheet could not be found.

A court must first agree that the case can proceed before a trial can be held.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about WIRECARD AG
07/12Wirecard used falsified client list to convince Softbank to invest €900m
AQ
07/11Wirecard Said to Have Faked Client Data to Obtain $914 Million Softbank Investment
MT
07/05Wirecard's accounting chief admits to forging documents in KPMG audit
AQ
06/19Wirecard AG 's Equity Buyback announced on November 15, 2019, has expired.
CI
04/06Wirecard investors target EY parent for 1.5 bln euros in compensation
RE
03/15German Court Allows Mass Trial Against Audit Firm Ernst & Young Over Wirecard Collapse
MT
03/15Ex-Wirecard boss hit with fraud charge
AQ
03/14German prosecutors charge 3 with fraud in Wirecard collapse
AQ
03/14German Prosecutors Charge Former Wirecard CEO With Fraud, Accounting Manipulation
MT
01/28Charges Have Now Been Brought In Germany Over The Wirecard Scandal
AQ
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Managers and Directors
Thomas Eichelmann Chairman-Supervisory Board
Wulf Matthias Member-Supervisory Board
Stefan Klestil Member-Supervisory Board
Vuyiswa V. M’Cwabeni Member-Supervisory Board
Anastassia Lauterbach Non-Executive Director
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