CEO of scandal-hit Wirecard resigns


Frankfurt am Main (AFP) – The founder and chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling for survival.Markus Braun “resigned today with immediate effect”, the firm said in a statement, adding that the decision was made “in mutual consent with the supervisory board”.The 51-year-old Austrian will be replaced on an interim basis by US manager James Freis.The bombshell comes a day after auditors from Ernst & Young said 1.9 billion euros ($2.1 billion) were missing from Wirecard’s accoun…

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