Munich prosecutors have arrested a Wirecard executive who ran the unit at the heart of the company’s alleged fraud from his apartment in Dubai’s Burj Khalifa.
Oliver Bellenhaus, a 46-year-old sports car enthusiast, was arrested on suspicion of aggravated fraud. He will remain in police custody over fears that he is a flight risk and may tamper with evidence, prosecutors said in a statement on Monday.
He is the second senior Wirecard employee to be arrested after the former chief executive Markus Braun, who was later released on bail. Prosecutors have said they are investigating a number of additional suspects who cannot be named “for tactical reasons”. The whereabouts of Wirecard’s former second-in-command Jan Marsalek are unknown.
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