markus braun

Braun disposed of 5.5 million shares on Thursday and Friday, according to regulatory filings, confirming an earlier Bloomberg News report. That leaves him with a 3% stake valued at roughly US$60 million.

Wirecard AG’s former chief executive officer was detained by Munich prosecutors as the scandal over 1.9 billion euros (S$2.99 billion) that went missing prompted probes into suspected market manipulation and false accounting.