The key prosecution witness in Germany's biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard's collapse but said the company was a 'swindle' from the start, with former chief executive Markus Braun at its core.
Wirecard's former CEO Markus Braun arrives in the courtroom as his trial continues, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 12, 2022. REUTERS/Lukas Barth/File Photo
Oliver Bellenhaus, who was head of Wirecard's subsidiary in Dubai, became a key witness in the case after turning himself in to German authorities in 2020. Florian Eder, a lawyer for Bellenhaus, told Reuters that the cooperation of his client should result in a "very significant reduction" in his sentence. Bellenhaus has been in custody for close to two years.
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