Advertisement
UK markets closed
  • FTSE 100

    8,285.71
    +99.36 (+1.21%)
     
  • FTSE 250

    21,356.30
    +471.95 (+2.26%)
     
  • AIM

    779.67
    +6.64 (+0.86%)
     
  • GBP/EUR

    1.1844
    -0.0006 (-0.05%)
     
  • GBP/USD

    1.2873
    +0.0019 (+0.14%)
     
  • Bitcoin GBP

    53,430.78
    +951.04 (+1.81%)
     
  • CMC Crypto 200

    1,391.91
    +61.31 (+4.61%)
     
  • S&P 500

    5,459.10
    +59.88 (+1.11%)
     
  • DOW

    40,589.34
    +654.27 (+1.64%)
     
  • CRUDE OIL

    76.44
    -1.84 (-2.35%)
     
  • GOLD FUTURES

    2,385.70
    +32.20 (+1.37%)
     
  • NIKKEI 225

    37,667.41
    -202.10 (-0.53%)
     
  • HANG SENG

    17,021.31
    +16.34 (+0.10%)
     
  • DAX

    18,417.55
    +118.83 (+0.65%)
     
  • CAC 40

    7,517.68
    +90.66 (+1.22%)
     

Lawyer of fugitive Wirecard executive called to testify in court

FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim

BERLIN (Reuters) - A German court has called upon the lawyer of former Wirecard board member Jan Marsalek, who has been on the run since the implosion of the German payments company, to testify next Wednesday in Germany's biggest post-war fraud trial.

Wirecard became the first-ever DAX member to file for insolvency in 2020, owing creditors almost $4 billion, after disclosing a 1.9 billion euro ($2.13 billion) hole in its accounts.

The firm's auditor, EY, said the hole was the result of sophisticated global fraud in a case that sent shockwaves through the country's political and financial establishment. The trial of former Wirecard executives kicked off last December.

Marsalek, Wirecard's former chief operating officer, is considered a key figure in the Wirecard scandal and an international fugitive on Europe's most-wanted list.

ADVERTISEMENT

In July he had contacted the Munich court through his lawyer - although neither the lawyer nor authorities disclosed the content of this written communication. A court spokesperson said on Friday that lawyer would now be questioned as a witness in the case.

(Reporting by Joern Poltz; Writing by Sarah Marsh; Editing by Leslie Adler)