And again new headlines for Wirecard: the investigating public prosecutor in Munich has obtained three arrest warrants against former Wirecard executives. According to unconfirmed information, this also includes Wirecard’s former CEO Markus Braun, who had previously surrendered to the authorities but was released on payment of a deposit. It is unclear who the other two arrest warrants are against.
According to the prosecutor, the arrest warrants are based on commercial gang fraud and market manipulation. Wirecard is said to have manipulated the balance sheet by systematically inflating sales since 2015. In fact, the group had already made losses in the business at that time.
Meanwhile, Wirecard’s share price falls back after excursions to the 2 euro mark and is currently trading at 1.74 euros with 3.5 percent in the red and just one cent above the daily low.