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Wirecard shareholders can sue Brown in Austria

Wirecard shareholders can sue Brown in Austria

Marcus Brown

Investigators accuse Brown and other Wirecard managers of defrauding business gangs.


(Photo: Reuters)

Vienna An investor in an insolvent German payment service provider wired card He could sue former CEO Markus Braun in Austria. The reason for this is Brown’s residence in Vienna, the Higher Regional Court in Innsbruck confirmed on Friday.

Vienna lawyers filed a model case for damages. Brown argued against him that he no longer lived in his homeland due to his continued detention in Bavaria. Now the Tyrolean court has found that the civil action is admissible in Austria.

According to its own statements, the Viennese law firm Aigner/Lehner/Zusatz is representing hundreds of Wirecard investors fighting for their lost money in court in Munich and now partially in Austria.

Investigators accuse Brown and other Wirecard managers of defrauding business gangs. They are said to have defrauded banks and investors out of €3 billion with the help of manipulated balance sheets.

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