BERLIN – The former CEO of German payment service provider Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday.Markus Braun resigned on Friday after the company disclosed that auditors couldn’t find accounts containing the money.
On Monday, Wirecard said it has concluded that the money probably doesn’t exist.Prosecutors said a court issued an arrest warrant shortly afterward and Braun turned himself in on Monday evening.