Mammoth
Wirecard process is abbreviated
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Former Wirecard boss Braun has been on trial for over two years, and has been in custody for over four and a half years. Now the judgment has moved a little closer.
The Munich Wirecard process is abbreviated with the approval of the public prosecutor. The prosecution thus follows a proposal by the court to limit the mammoth procedure that has lasted over two years to limit the largest fraud in the event of German post -war history to the ten most important charges. It is not clear when the process will end. However, without a shortening, a judgment would have been expected at the earliest in 2026, as the chamber made clear in December.
Braun cannot hope for much lower punishment
The former Wirecard CEO Markus Braun, who has been in custody for four and a half years, and his two co-accused, cannot hope that the expected punishments could therefore be much lower. A significant increase in the overall penalty would not be expected even if all of the original charges were negotiated, as chief prosecutor Matthias Bühring said on the 177th trial.
The main accusation is and remains the gang fraud. Brown and accomplices are said to have kept the 2020 collapsed DAX group afloat with the help of invented profits. The defamation for lending banks is estimated in the indictment of a good three billion euros. The fourth criminal chamber of the Munich I district court will also continue to investigate the accusations of the infidelity, false information of the capital market and the falsification of the consolidated financial statements for the years 2016, 2017 and 2018. In the original indictment, the allegations against Braun alone included 43 different points.
Defense: Nobody is interested in clarification
Braun’s defense accused the court and the public prosecutor of not being interested in real enlightenment. “This is a certain prejudice on the part of the court,” said lawyer Theres Kraußlach. “We are not yet cleared up at a point where anything has so far been cleared up.” In turn, Braun and his defense accuse the dipped former sales board member Jan Marsalek to be the main perpetrator. “In our view, there is nothing to stop at all because Dr. Braun can be released into all points,” said the defender.
Expert sees half a billion damage as early as 2018
After more than two years of trial, the business expert Wilhelm Hauser, who calculated the amount of damage in an 830-page paper, spoke for the first time on Wednesday-assuming that a criminal gang in the Wirecard beading floor actually invented shock shops on a large scale. Accordingly, the group lacked the money two years before the bankruptcy to be able to repay a consortial loan of 1.75 billion euros agreed in mid -June 2018, as the economist explained in the first part of its report. At that time, the business professor estimated the financial loss to at least 522 million euros.
dpa
Source: Stern