German watchdog files new Wirecard insider trading complaint
[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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Could stablecoins be the future of money?
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Global expertise and tailored solutions: How affluent S’poreans can grow and manage wealth across markets
GIC-backed Bank Jago sees wealth management as next growth engine as Indonesian investor base grows