Former Wirecard CEO freed on bail in missing billions case

Former Wirecard CEO Markus Braun, who was arrested on suspicion of falsifying the German payments firm’s accounts, has been released from custody, his lawyer told Reuters on Wednesday. Braun walked free one day after turning himself in on Monday evening, lawyer Alfred Dierlamm said, after posting bail set by a Munich court at 5 million euros ($5.65 million). Although a warrant against the 50-year-old Austrian has been lifted, he remains under investigation by Munich prosecutors who suspect him of misrepresenting Wirecard’s accounts and falsifying income. …read more

Source:: Yahoo Finance

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