The former boss of the fallen German tech company Wirecard has kept his jaw tight during the interrogation by a parliamentary investigation committee.
Markus Braun declined to answer more than fifty questions about the matter. He did say that German officials have not behaved inappropriately and that he has confidence in the German legal system. Braun is in prison and had temporarily left it before questioning.
Braun and other top people at Wirecard are suspected of ramping up the company’s sales with fake revenues in order to be more attractive to investors and customers. In June, Wirecard had to admit that a sum of 1.9 billion on the books probably didn’t exist at all.
Markus Braun has previously denied that he was wrong, saying that Wirecard is the victim of a bigger fraud, but so said nothing this afternoon. Some parliamentarians were visibly irritated and asked questions about Braun’s family, among other things. The hearing was subsequently adjourned.
MPs tell Reuters news agency they had hoped to find out more about Braun’s contacts with officials, especially a November 2019 meeting with Finance Secretary Kukies. Referring to a previous statement, the Treasury Department said the meeting discussed, among other things, allegations of market manipulation.
According to German authorities, the government has not acted inappropriately in the case, something Braun agreed this afternoon. Stock market regulator BaFin has been criticized a lot. When media questioned Wirecard’s accounting last year, BaFin did not investigate the company, but it did prohibit investors from betting on a decline in its stock.