German prosecutors arrested three Wirecard executives Wednesday, as an investigation into the company’s inflated balance sheet and a missing $2 billion continues to expand.
The Munich prosecutor’s office announced it rearrested former Wirecard Chief Executive Markus Braun, as well as several other company executives the office identified by their positions and initials. The Financial Times reported the arrests included former Wirecard Chief Financial Officer Burkhard Ley and the company’s former head of accounting, Stephan von Erffa.
