Former Wirecard chief executive Markus Braun has been accused by Munich prosecutors of committing a multiyear fraud and arrested for a second time following the June collapse of the German payments group.
The prosecutors now suspect Wirecard’s accounting fraud began as early as 2015 when Mr Braun and other suspects allegedly agreed to inflate Wirecard’s revenue in an attempt to deceive investors.
Investigators have broadened their investigation into the downfall of the company to include other former executives, the prosecutors said, with Wirecard’s former finance boss, Burkhard Ley, and the group’s head of accounting, Stephan von Erffa, taken into custody.
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