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German watchdog files new Wirecard insider trading complaint

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The German financial watchdog BaFin said on Tuesday that it had filed a complaint with Munich prosecutors over a further episode of alleged insider trading in Wirecard.

[FRANKFURT] The German financial watchdog BaFin said on Tuesday that it had filed a complaint with Munich prosecutors over a further episode of alleged insider trading in Wirecard.

BaFin said the transaction took place on June 24, the day before Wirecard filed for insolvency.

It said it involved a 6.6 million euro (S$10.5 million) sale in shares by MB Beteiligungsgesellschaft. That is the investment vehicle of the former chief executive Markus Braun, once one of the collapsed payment company's largest shareholders.

A law firm representing Mr Braun didn't immediately respond to requests for comment.

A further sale of 3.4 million euros in shares by the same investment company is also under investigation, a spokesperson for BaFin said.

REUTERS

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