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MUNICH (Reuters) – German prosecutors have charged one other two former Wirecard executives, based on an announcement from their Munich workplace on Tuesday, casting their internet wider in investigations into one in every of Germany’s greatest company scandals.
Wirecard collapsed in June 2020 over a 1.9 billion euro ($2.1 billion) gap in its stability sheet, shaking up Germany’s enterprise institution and turning the highlight on politicians who backed it in addition to regulators who took years to research allegations towards the agency.
Alexander von Knoop, who served as finance chief of the now-defunct on-line funds firm, and Susanne Steidl, its board member for product improvement, have now been charged with a number of counts of embezzlement, the state prosecutor’s workplace mentioned.
Von Knoop has additionally been charged with aiding and abetting embezzlement, it added in an announcement.
The 2 former executives allegedly waved by way of loans and different funds even when some have been in arrears on curiosity and reimbursement was questionable, based on prosecutors.
“Wirecard AG (OTC:) suffered losses of a number of hundred million euros because of all these breaches of belief,” the prosecutor’s workplace mentioned.
The legislation agency representing Steidl had no touch upon the fees. Von Knoop didn’t reply to makes an attempt to succeed in him by phone. He beforehand advised a parliamentary committee of enquiry that he had identified nothing about felony actions.
Von Knoop and Steidl be part of different managers going through authorized motion over the scandal.
CEO Markus Braun, deputy finance chief Stephan von Erffa and Wirecard’s Asia consultant Oliver Bellenhaus are presently on trial in Munich for alleged fraud and falsifying monetary statements.
A choice is pending on whether or not von Knoop and Steidl will stand trial.
($1 = 0.9166 euros)
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