Wirecard Raided by Prosecutors Over Missing $2.1 Billion

  • Prosecutors and police also search two premises in Austria
  • Raid part of probe that led to arrest of ex-CEO Markus Braun
Wirecard AG headquarters in Munich, Germany, on July 1.Photographer: Michaela Handrek-Rehle/Bloomberg
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Wirecard AG’s offices in Germany and two locations in Austria were raided by Munich prosecutors looking into the 1.9 billion euros ($2.1 billion) that went missing from the fintech company’s accounts.

Twelve prosecutors and 33 police officers are conducting the searches, a spokeswoman for the Munich authority said Wednesday. The action is part of the probe that led to the arrest of former Chief Executive Officer Markus Braun last week.