Urgent.News

What's breaking now, across thousands of outlets.

World

Court proceedings: "Speculation" - judges don't believe former Wirecard boss Braun's portrayal of himself as a victim

Former Wirecard CEO Markus Braun has already repeatedly professed his innocence in court. The judges have now definitively ruled that this victim theory is baseless. He now faces a lengthy prison sentence.

Translated from German Read in German

Court proceedings: "Speculation" - judges don't believe former Wirecard boss Braun's portrayal of himself as a victim

In the Wirecard trial, a lengthy prison sentence for former CEO Markus Braun appears increasingly likely. The court has dismissed Braun's claim that he was a victim, with the presiding judge stating that despite extensive investigations, no evidence supported this theory. Braun and two co-defendants may also face having to forfeit millions of euros if convicted.

The prosecution alleges that Braun and accomplices fabricated billions of euros in revenue for Wirecard's balance sheets over several years, using three "third-party" firms in Dubai, Singapore, and the Philippines.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in World

More from Monday 14 September →