WIRECARD: Criminal Trail Against Markus Braun Continues
In the Wirecard trial, former manager Oliver B. testified against Markus Braun.
Oliver B., the former – also indicted – Dubai state representative of the insolvent payment service provider, heavily incriminated former CEO Markus Braun, accusing him of “gang leadership”. B. testified before the Munich Regional Court that the so-called TPA business, which accounted for a large part Wirecard’s reported profits, had been largely fictitious: “The data was not authentic at any time.”
In this context, Markus Braun and the former COO Jan Marsalek, who remains a fugitive to this day, had been the decision-makers. Oliver B. also heavily incriminated the co-defendant Stephan von E., the former chief accountant.
According to Oliver B., the fraud at the former Dax company extended back to well before 2017: “The point of no return was already far behind us in 2017. Wirecard was a cancer that ran rampant undetected for a long time.”
Markus Braun, on the other hand, vehemently denies the allegations. His defense attorney described B. as the “main perpetrator of a gang” and portrayed his statements to the prosecution as implausible. According to Braun’s defense, the prosecution’s key witness wanted to exonerate himself and shift the blame onto the ex-CEO.
We will continue to closely follow the criminal proceedings against the former Wirecard managers in the new year and provide information on the latest findings.
For more information on the Wirecaard scandal and on possible courses of action for aggrieved investors, please click here.