Wirecard ex-CEO arrested over €1.9 billion black hole in accounts

By Sara Lewis

German police have launched a criminal investigation into asuspected €1.9billion (US$2.1 billion) accounting fraud at payments processing companyWirecard, on 22 June [2020] arresting former CEO Markus Braun, who had resigneddays earlier. He was subsequently released on €5 million (US$5.6 million)bail. Other board members are also under suspicion.