Wire­card ex­ec­u­tive ar­rested in Mu­nich

The Daily Telegraph - Business - - Business -

Mu­nich pros­e­cu­tors have ar­rested a Wire­card ex­ec­u­tive who ran the unit at the cen­tre of the firm’s al­leged fraud in Dubai. Oliver Bel­len­haus was ar­rested on sus­pi­cion of ag­gra­vated fraud and will re­main in po­lice cus­tody over fears he is a flight risk. It comes af­ter fel­low Wire­card se­nior ex­ec­u­tive, and for­mer chief ex­ec­u­tive, Markus Braun, was ar­rested be­fore be­ing re­leased on bail.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.