Olg munich expects wirecard indictment by mid march

Munich higher regional court (OLG) expects indictment in wirecard fraud scandal by mid march. This is what the second criminal senate wrote in a decision, a court spokesman said on thursday.

However, the restriction is that no unforeseen difficulties arise during the investigation. Previously, the "spiegel" had reported on the decision.

Ex-wirecard CEO markus braun has been in custody for a year and a half; the next review hearing is scheduled for mid march. Public prosecutors are urged to act quickly in cases of imprisonment so that defendants are not held in prison for a long time without a verdict. With the OLG’s ruling, a trial against the austrian manager is drawing closer. After an indictment by the public prosecutor’s office, however, the district court of munich must first decide whether the indictment will be admitted.

Wirecard had filed for insolvency in the summer of 2020 after the company had admitted air bookings in the amount of 1.9 billion euros – the money could not be found and has disappeared to this day. Investigators therefore assume that the wirecard board of directors inflated the balance sheets with fictitious transactions in order to swindle billions from banks and investors. Braun, on the other hand, obviously sees himself as a victim.