Wirecard Filed for Bankruptcy

It was recently revealed in the balance sheet of the German finance and technology company Wirecard. $2.1 billion deficit New developments regarding the scandal that broke out afterwards continue to occupy the agenda.

After the balance sheet scandal emerged, Wirecard CEO Markus Braun was detained by the Munich Public Prosecutor's Office. arrested. CEO Braun also resigned from his duties in the company after the balance sheet deficit was revealed.

After Markus Braun's resignation Wirecard with scandal New developments continue to occur regarding this issue. Wirecard made a statement today and announced that they have filed for bankruptcy. Bankruptcy will be filed not only for the parent company but also for Wirecard subsidiaries.

The big scandal in Wirecard, of the company of your shares It has lost 85 percent of its value since Wednesday. Wirecard shares, which were at $ 104.50, fell below $ 12 today. 

After a major decline in the company's shares, the Frankfurt Stock Exchange Wirecard of your shares had suspended its trade. However, after a while the exchange reopened trading to allow Wirecard shareholders to unload their stocks. After the reopening of trading, shares lost 75 percent of their value within minutes.

Markus Braun, the company CEO who played a leading role in the Wirecard scandal, was arrested by the Munich prosecutor's office. 5 million euro bail was released. Although Braun was released on bail, financial investigators continue to check the company's accounts for other years. Financial investigators are investigating company executives to identify executives involved in the scandal.

The huge open markets that appeared on the balance sheet of Wirecard, which has been operating for many years, also had a shocking effect. Experts think that the company that filed for bankruptcy will not be able to return. After the balance sheet scandal Wirecard We will see what kind of ending awaits in the coming days.