Wirecard ex-CEO, board members arrested for fraud: German prosecutor

Munich (Germany) (AFP) – German prosecutors said Wednesday they have arrested the former chief executive and two board members of Wirecard for “commercial fraud”, saying investigations show that trickery was already happening in 2015.The widening probe suggests that banks in Germany and Japan as well as other investors were conned into providing funds of up to 3.2 billion euros ($3.7 billion) to Wirecard, said prosecutors, adding that the sums are now “very likely lost because of the insolvency of Wirecard”.Described by Germany’s finance minister as an “unparalleled scandal”, the collapse of t…

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