Wirecard Trial Accelerates as Prosecutors Drop Lesser Charges

The focus shifts to core allegations of fraud and embezzlement, with Markus Braun facing potential long-term imprisonment.

Prosecutors in the Wirecard trial have agreed to drop lesser charges, including market manipulation, to expedite the lengthy proceedings.
The trial, ongoing for over two years, centers on accusations of organized fraud and financial misrepresentation by former CEO Markus Braun and others.
Braun remains in custody after four and a half years, with the court citing strong evidence of his involvement in a multi-billion-euro fraud scheme.
Key allegations include fabricating profits to secure loans, with the damage to banks estimated at over three billion euros.
The defense continues to deny wrongdoing, attributing blame to fugitive ex-executive Jan Marsalek, who is suspected of residing in Russia.