Markus Braun, the former chief of the collapsed German payment group, rejected “all charges” at his trial in Munich.
| Markus Braun, the former chief executive of Wirecard, denied all charges at a trial over his role in an epic fraud scandal that sparked the spectacular demise of what was briefly one of Germany’s top companies.
Mr Braun has been on trial at the Munich Regional Court since December alongside two co-defendants: former chief accountant Stephan von Erffa and Oliver Bellenhaus, who ran a Wirecard company in Dubai and who has become a key witness.Mr Bellenhaus has been co-operating with prosecutors since the early days of the investigation. In his testimony in December and January, he told the court that the allegations were true, that the books were cooked at Wirecard and that Mr Braun was behind it.
“I wasn’t an absolutist CEO,” Mr Braun said. “On the management board, we discussed everything and decided issues by mutual consent.”Former chief operating officer Jan Marsalek, who has been at large since the company collapsed, was responsible for the unit that handled the so-called Third Party Agreements business that later became the centre of the crisis, Mr Braun said.
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