Tag: markus braun
Wirecard bosses ordered to pay €140m over management failures
Markus Braun, ex-CEO of collapsed payment processor Wirecard, alongside two other executives, have been ordered to pay €140m to the company’s administrator after management...
EY sanctioned over Wirecard failings
The fallout of the Wirecard scandal is still being felt years later, with accounting firm EY being sanctioned in Germany over failures connected with...
Former Wirecard CEO Markus Braun charged by German prosecutors
Prosecutors in Germany have confirmed they have charged Wirecard’s ex-CEO Markus Braun, following allegations of market manipulation and falsely representing the firm’s financial status.
According...
Wirecard aftermath sees EU Chief call for the overhaul of regulatory...
The European Union and its regulatory agencies have been urged to radically overhaul their systems and structures with regards to monitoring financial services in...
Wirecard files for insolvency after admitting black hole
A frantic week has seen embattled Wirecard AG apply to German courts for insolvency, following the firm’s board and executive team admitting to falsifying...
Former Wirecard Chief Markus Braun arrested
Markus Braun, the former Chief Executive of global payment processing firm Wirecard, has been arrested on charges of corruption and executive mismanagement.
His arrest follows...
Wirecard chief executive Markus Braun resigns
Wirecard Chief Executive Markus Braun has resigned with immediate effect, as uncertainty over an alleged accounting scandal at the firm began to escalate today.
His...
Wirecard set for China through AllScore acquisition
Global digital platform provider Wirecard has announced a deal to acquire China-based payment service provider (PSP) AllScore Payment Services.
Subject to regulatory conditions, the deal...
Wirecard appoints KPMG in response to Financial Times investigation
German payments firm Wirecard has brought in KPMG to carry out an independent audit following a Financial Times (FT) investigation which uncovered “suspect accounting...
Set for Asia – Japan’s SoftBank invests heavily into Wirecard
German digital payments company Wirecard and Tokyo-based multinational holding conglomerate SoftBank Group have signed an agreement of which Softbank will invest around €900m into...