Wirecard's Attempt to Move Beyond Scandal Risks Falling Short

CEO Markus Braun tells Bloomberg: ‘Everything is on the table’
Stock remains 25% below its level before fraud claims surfaced

CEO Markus Braun discusses Wirecard’s report into fraud allegations.(Source: Bloomberg)

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By Jan-Patrick Barnert and Stefan Nicola

March 27, 2019 at 8:57 AM UTC

This article is for subscribers only.

Wirecard AG’s Chief Executive Officer Markus Braun tried to put fraud allegations behind him as questions persisted after an external probe failed to resolve issues from potential criminal behavior in Singapore to unexplained transactions.

Braun said in an interview with Bloomberg TV on Wednesday that the company views the issue as closed, saying: “Everything is on the table. The market has now full transparency.’’ The company has no plans to release the full report, he said.