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Trial has opened for Germany’s Wirecard fraud, the country’s biggest-ever accounting scandal.
The trial in Munich began on Thursday, two and a half years after the digital payments firm collapsed, following admission that 1.9 billion euros ($2bn) missing from its accounts did not actually exist.
Al Jazeera added that notably absent from the courtroom was Wirecard’s former Chief Operating Officer, Jan Marsalek.
Marsalek evaded arrest in 2020 by staging a daring escape from Austria in a private jet.
Also, Wirecard’s CEO, in custody since July 2020, faces charges of commercial gang fraud, breach of trust, accounting fraud and market manipulation.
He denies the allegations and claims to be a victim of the fraud, painting Marsalek as the mastermind.
His co-accused are ex-accounting boss Stephan von Erffa and Oliver Bellenhaus, the former head of Wirecard’s Dubai subsidiary.
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