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Wirecard in the dock as Germany’s biggest fraud trial starts

Munich | Berlin | Former Wirecard executives go on trial on Thursday this week, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s political and financial establishment.

Austrian former chief executive Markus Braun and two other high-ranking managers of the defunct blue-chip company are facing a number of charges, including fraud and market manipulation, and could be jailed for up to 15 years if convicted.

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    Original URL: https://www.afr.com/companies/financial-services/wirecard-in-the-dock-as-germany-s-biggest-fraud-trial-starts-20221206-p5c47s