Three former Wirecard executives found personally liable for €140mn

Q: How long will it take to read this news story?

The story "Three former Wirecard executives found personally liable for €140mn" has 669 words across 30 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Three former Wirecard executives found personally liable for €140mn" was covered 13 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 14 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22374480</li><li>URL: https://beamstart.com/news/three-former-wirecard-executives-found-17255372579</li></ul>

Financial Times 13h ago

Three former Wirecard executives found personally liable for €140mn - Financial Times

Quick Summary:

It highlights that supervisory boards are ultimately powerless when, as in the case of Wirecard, executives choose not to follow the rules and deliberately bypass the board,” said a spokesperson for Klestil.

But his personal wealth has been seized by prosecutors, and earlier this year, his former lawyer Alfred Dierlamm resigned because Braun was unable to pay his legal fees after the funds of his directors and officers’ liability insurance ran out.

The court ruled that the three former executives are personally liable for the financial fallout from those transactions, which it calculated as €140mn plus 5 per cent interest per year.