German watchdog files new Wirecard insider trading complaint
The German financial watchdog BaFin said on Tuesday that it
had filed a complaint with Munich prosecutors over a further episode of alleged
insider trading in Wirecard.
BaFin said the transaction took place on June 24, the day
before Wirecard filed for insolvency.
It said it involved a 6.6 million euro ($7.52 million) sale
in shares by MB Beteiligungsgesellschaft mbH. That is the investment vehicle of
the former chief executive Markus Braun, once one of the collapsed payment
company's largest shareholders.
A law firm representing Braun didn't immediately respond to
requests for comment.
A further sale of 3.4 million euros in shares by the same
investment company is also under investigation, a spokeswoman for BaFin said.
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