Ex-CEO Braun turned himself in to prosecutors in Munich
Accused of misrepresenting accounts, market manipulation
Wirecard has disclosed $US2.1 billion financial hole
Creditors seek recovery; doubts over viability
Munich/Frankfurt | Wirecard's former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a $US2.1 billion ($3.03 billion) financial hole and questioned whether trustees had actually held money on its behalf.
Markus Braun turned himself in on Monday night (Tuesday AEST) after Munich prosecutors issued a warrant for his arrest. A judge ruled on Tuesday that the 50-year-old Austrian could be released as soon as he posts €5 million ($8.2 million) in bail.
