Former Chairman of the Board: Brauns share of Wirecard falls to less than three percent

The former Wirecard CEO Markus Braun has reduced in the Wake of the balance-sheet scandal, his participation in the payment service provider significantly. By F

Former Chairman of the Board: Brauns share of Wirecard falls to less than three percent

The former Wirecard CEO Markus Braun has reduced in the Wake of the balance-sheet scandal, his participation in the payment service provider significantly. By Friday, he still held 2.62 per cent to Wirecard, a well published voting rights notification shows. A week ago there were still 8,04 percent, such as from a voting rights announcement, it emerged.

brown was forced to sell in the past week, large packages of shares, after the Wirecard share price went on a downward spiral. These sales of shares shall examine the financial authority, Bafin, as a authorities spokeswoman said.

brown stood for almost two decades at the top of Wirecard and was the largest shareholder of the payment service provider. Last Thursday, the Dax group is shocked with the statement about the lack of 1.9 billion Euro, brown took off his hat. In the meantime, it is not clear that the money existed in all probability not.

Because of the price crash, brown last Thursday and Friday, Wirecard had to meet to sell the shares for 155 million euros to the margin obligations of lenders to credit (Margin Calls) to, as from duty notices by Tuesday evening, it emerged. "Of course, the Bafin is looking at the published four share sales due to Margin Calls," said the Bafin spokeswoman.

search for Marsalek running

Already previously stood brown against the Munich public Prosecutor's office determines because of the suspicion of accounting fraud and market manipulation, because of its share transactions targeted by the financial supervision. He had to Wirecard at the end of may-papers bought, although people with management tasks must be bought 30 days before the publication of the annual report, no shares of their own company to possible insider trading, to put a stop to.

several times a suspended business report 2019 should actually, at 18. June will be published – but still. Braun's investment vehicle had at the time declared, the shares will not be objectionable to purchase legally.

Meanwhile, search investigators next to the former Board, Jan Marsalek. The Manager, has been with the company on the page of the previous group heads to brown for around 20 years, must reckon with an arrest, as several familiar with the matter said. There is some evidence to suggest that Marsalek staying in the Philippines, said the Minister of justice Menardo Guevarra.

Updated Date: 25 June 2020, 03:19

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