He has been in remand prison for four years. And that is where former Wirecard boss Braun will remain, says the Munich Regional Court, referring to the course of the trial.
Former Wirecard CEO Markus Braun remains in custody. This was decided by a criminal division of the Munich Regional Court following an application for a review of custody by the defendant.
Braun has been in remand prison since July 2020 and is facing charges of commercial and gang-related fraud and breach of trust. There is still strong suspicion of the crimes mentioned in the arrest warrant, a court spokesman said. There is also a risk of him fleeing and obscuring the case.
Braun and his accomplices are said to have falsified the balance sheets and caused lending banks damages of 3.1 billion euros. According to Braun, the former DAX group processed payments in some countries via the three third-party partner companies Payeasy, Senjo and Al Alam.
Chamber doubts alleged third-party business
According to a preliminary assessment of the evidence, the alleged third-party business (TPA business) with the three business partners did not take place at all, the court announced. There were also no funds that were managed by a trustee for Wirecard AG. Braun denies this, but his statements on this have not yet been confirmed in the evidence. Based on the course of the evidence so far, the chamber also believes that there was no comprehensible reason to grant loans to the companies concerned without any security.
The continued detention on remand was proportionate. The particularly high requirements for speeding up the criminal proceedings in relation to the length of the detention on remand were met.
Source: Stern
