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Wirecard Trial: Further Charges Against Former Management Board Members
Four years after Wirecard's spectacular bankruptcy, the Munich public prosecutor's office has brought charges against two further former members of the Management Board. The focus is on the former CFO, Alexander von Knoop, and Susanne Steidl, responsible for product development.
The trial surrounding Wirecard's bankruptcy is currently underway in Munich. / Picture: © Wikimedia Commons/ Leo Molatore/ CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)
Both managers are accused of embezzlement because they allegedly approved loans worth millions to obscure business partners without scrutiny. According to the investigators, these actions caused Wirecard AG losses amounting to several hundred…
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