Munich The alleged billion-dollar fraud at the scandalous company wired card It is said to have started many years before 2015, according to a key witness. According to director Oliver Bellenhouse, who worked in Dubai until the Wirecard collapse in 2020, the so-called third-party partner company (TPA) with payment service providers in the Middle East and Southeast Asia was largely invented from the start.
“The data was never correct,” Bellenhaus said Wednesday before the Munich Regional Court. “There is no indication that Wirecard would have been profitable without the TPA business prior to 2015.”
The indictment only dates back to 2015 because the date is prohibited by law. Through TPA Partners, Wirecard allegedly booked fictitious proceeds of around €2 billion, which were allegedly stored in trust accounts in Southeast Asia.
Bellenhouse has accused former CEO Marcus Braun of “gangster leadership”. The main decisions were made by Brown and Jan Marsalek, who has been in hiding since the summer of 2020. As evidence, Bellenhaus pointed to chat logs, according to which Brown is said to have given instructions.
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Bellenhaus also made serious allegations against the third accused, the group’s former chief accountant. This was a “motive” for the scam. According to the indictment, the three directors, along with other associates, formed a ring that falsified Wirecard balance sheets and damaged bank lenders €3.1 billion. 100 Days of Negotiation is scheduled until 2024. Brown and the former chief accountant denied the allegations.
more: “Money, power and little chicks” – this is how Wirecard’s lead witness checks it out
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