Ex-CEO of Wirecard arrested over missing billions
Ex-CEO of Wirecard arrested over missing billions

The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday.

Markus Braun resigned on Friday after the company disclosed that auditors couldn’t find accounts containing the money.

On Monday, Wirecard said it has concluded that the money probably doesn’t exist.

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