Former Wirecard CEO Markus Braun has been arrested in Germany, days after the company reported that $2.2 billion was missing

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• German payments firm Wirecard's former chief executive officer Markus Braun has been arrested by prosecutors after he turned himself in on Monday evening, according to reports.
• An arrest warrant was issued by Munich police in name of the former paper billionaire for market manipulation and over false statements of data that portrayed the payments group as financially stronger. 
• Braun suddenly quit on Friday, capping a disastrous week for the scandal-hit firm after its shares plunged as much as 80%. It withdrew its full-year-2019 and first-quarter-2020 results.
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Wirecard's former chief executive Markus Braun has been arrested by German prosecutors on suspicions of false accounting and manipulative business practices, according to multiple media outlets.

Braun turned himself in to Munich authorities on Monday evening after an arrest warrant was issued. 

See the rest of the story at Business Insider

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SEE ALSO: Wirecard stock plummets 37% after the payments firm says $2 billion in missing cash likely doesn't exist

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