Ex-Wirecard boss goes earlier than the German constitutional court docket

Ex-CEO Markus Braun resorts a grievance in opposition to the Munich Higher Regional Court

According to a newspaper report, former Wirecard boss Markus Braun goes to the German Federal Constitutional Court in a dispute with insolvency administrator Michael Jaffe. Braun’s legal professional showed that, reviews the Southgerman newspaper. The grievance against the Higher Regional Court (OLG) in Munich became filed on May eleven, the paper quotes lawyer Bernd-Wilhelm Schmitz as saying. The judgment of the Higher Regional Court in January changed into incorrect.

The court had ordered an asset arrest against Braun’s non-public investment agency and as a consequence in choose of Jaffe. It is set a charge of 35 million euros that Braun acquired in spring 2020 only some weeks earlier than the fall apart of Wirecard from former board member Jan Marsalek. Jaffe and the Munich public prosecutor’s workplace suspect that the thousands and thousands have been diverted from the institution thru a series of transactions so as to shift them to Braun, which changed into in economic problems. Braun had stated that he did no longer understand wherein the money came from.

Wirecard collapsed 3 years ago after 1.9 billion euros from enterprise with customers in Asia, that are said to be in escrow bills, grew to become out to be non-existent. Austrian CEO Markus Braun and two other top managers are on trial for gang fraud and misleading the capital markets.