6/23/2020, 10:02 AM (Source: TeleTrader)
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Wirecard's former CEO Markus Braun arrested

Wirecard AG's former CEO, Markus Braun, was arrested, the Munich prosecutors said on Tuesday. He was apprehended on Monday evening and will be brought in front of the judge later in the day.

Braun and the company's former COO Jan Marsalek, both Austrian nationals, are under investigation for their alleged involvement in the company scandal involving the missing €1.9 billion identified during an audit by Ernst & Young.

The Wirecard's stocks rose 11.77%, selling for 16.206 at 10:14 am CET.

Breaking the News / BU