Markus Braun told Wirecard’s top lawyer that compliance was ‘crap’, court hears

Wirecard chief executive Markus Braun told his general counsel that compliance was “crap” and unnecessary for the now-collapsed German payments group, a panel of judges at Munich District court heard on Wednesday.

Braun and two other former top managers are facing charges of fraud, embezzlement, and accounting and market manipulation in an ongoing trial after the group crashed into insolvency in June 2020, declaring that €1.9bn recorded in its accounts did not exist.