Former Wirecard CEO Markus Braun released from custody: lawyer

FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions attends the company’s annual news conference in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

MUNICH (Reuters) – Former Wirecard CEO Markus Braun, who was arrested on suspicion of falsifying the German payments firm’s accounts, has been released from custody, his lawyer told Reuters on Wednesday.

German news agency dpa had earlier cited a spokeswoman at a Munich court as saying that Braun had been released after paying his bail of 5 million euros ($5.66 million) on Tuesday.

Braun was arrested after Wirecard disclosed a $2.1 billion financial hole and questioned whether trustees had actually held money on its behalf.

Reporting by Joern Poltz; Writing by Michelle Martin; Editing by Thomas Seythal

Our Standards:The Thomson Reuters Trust Principles.

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