Wirecard's former boss faces criminal complaint in Austria

An Austrian lawyer has filed a criminal complaint against Wirecard’s former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vienna prosecutors’ office confirmed on Tuesday that it received the claim, which was first reported by Austrian newspaper Der Standard. The lawyer, Joerg Zarbl, told Reuters on Tuesday that Braun took out a 120 million euro ($135 million) loan to buy at least 2.5 million Wirecard shares via a holding company in May after a critical audit by KPMG sent its shares …read more

Source:: Yahoo Finance