Wirecard Scandal Drags on as Two More Top Executives Charged (2)

Two more former Wirecard AG management board members were charged by Munich prosecutors over their alleged part in the payments company’s spectacular demise.

Former Chief Financial Officer Alexander von Knoop and ex-board member Susanne Steidl were accused of breach of trust for their roles in approving loans and guarantees without proper scrutiny and almost no paperwork, the prosecutors said in a statement on Tuesday.

One credit of €40 million ($44 million), in December 2019, was rubber-stamped within half an hour based on an email containing a meaningless proposal, according to the charges. Another instance, in March 2020, concerned a loan ...