Munich prosecutors search Wirecard HQ, as probe widens

The Wirecard logo is seen at the payment company's headquarters in Aschheim near Munich, southern Germany, on June 24, 2020.

Christof Stache | AFP via Getty Images

Munich prosecutors and police searched Wirecard's headquarters and four further properties as part of a fraud probe following the arrest of the payments firm's former chief executive, Markus Braun, prosecutors said on Wednesday.

Twelve prosecutors and 33 police officers were involved in the raids to investigate suspected fraud, including market manipulation, prosecutors said.

A spokeswoman told Reuters that prosecutors were investigating board members Alexander von Knoop and Susanne Steidl, as well as Braun and former director Jan Marsalek. Those people could not be immediately reached for comment.