wirecard
A third defendant in Germany's sprawling fraud trial involving disgraced payments group Wirecard plans to testify for the first time. The defendant identified only as E, the former chief accountant of the group, is to break his year and a half-long silence on July 17, presiding judge Markus Födisch of the Munich court said on Wednesday. In mid-2020, the former DAX-listed group collapsed because €1.9 billion ($2 billion) in alleged revenues could not be found. The trial began in December 2022. E confirmed his personal details at the start of the trial, but otherwise has not given any statements...
DPA Breaking News
A German court announced on Thursday that it will hear a test case brought by former shareholders of the failed Wirecard payment service provider against former chief executive Markus Braun and 10 other defendants in November. The Bavarian Supreme Court set a date for the case on November 22. Wirecard collapsed in the summer of 2020 after €1.9 billion ($2.1 billion) allegedly held in South East Asian escrow accounts could not be traced, resulting in hundreds of civil lawsuits in addition to criminal proceedings. The majority of the lawsuits are claims for damages brought by former shareholders...
DPA Breaking News
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