Jailed executive in Wirecard scandal offers confession
The former head of a key subsidiary of Wirecard, who was
arrested earlier this month, has admitted wrongdoing to prosecutors for his role
in a multi-billion-euros fraud, his lawyer said on Thursday.
It is the first known confession of wrongdoing in the
collapse of one of Germany's biggest companies.
The unidentified jailed executive was the chief executive
officer of Dubai-based Cardsystems Middle East.
"My client has voluntarily given himself up for the
proceedings and - in contrast to others - takes individual
responsibility," his defence lawyer Nicolas Fruehsorger said.
The Munich prosecutors declined to comment. They have not
identified the individual by name to avoid prejudicing legal proceedings.
Wirecard filed for insolvency last month owing creditors 4
billion euros ($4.55 billion) after disclosing a 1.9 billion euro hole in its
accounts that its auditor EY said was the result of a sophisticated global
fraud.
The executive had travelled from Dubai and turned himself in
last week.
The arrest was made on suspicion of conspiracy to commit
fraud, attempted fraud and aiding and abetting other crimes, prosecutors said.
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