New Charges in Wirecard Scandal: Embezzlement Allegations Against Two More Executives

German prosecutors have charged two former Wirecard executives, widening the investigation into the major corporate scandal. Finance chief Alexander von Knoop and board member Susanne Steidl face counts of embezzlement. The case adds to the high-profile trial already involving other top managers of the defunct online payment company.

German prosecutors have expanded their investigations into the Wirecard scandal by charging two additional former executives with embezzlement. Alexander von Knoop, the ex-finance chief, and Susanne Steidl, a former board member, are now implicated in the sweeping case that has rattled Germany's business world.

Wirecard's downfall in June 2020 over a €1.9 billion hole in its finances continues to have far-reaching consequences. The scandal not only triggered a loss of public trust but also drew severe criticism of regulators and politicians linked to the company. Von Knoop and Steidl allegedly approved questionable loans and payments, contributing to Wirecard's massive financial loss.

Legal actions against top Wirecard figures proceed in Munich, involving CEO Markus Braun and other high-ranking officials. A decision on whether von Knoop and Steidl will stand trial is expected soon.

(With inputs from agencies.)