The plot thickens in the spectacular collapse of payment provider Wirecard: the Austrian man at large over Germany's worst financial fraud scandal may also have had links to secret services.
Wirecard's former chief executive and founder Markus Braun turned himself in to police, but Marsalek remains at large. The information allegedly fuelled the FPOe's mistrust of its then coalition partner, culminating in controversial police raids of the intelligence services in 2018. According to the FT, Marsalek bragged about his links to secret services in a bid to impress members of the London financial services sector -- possibly part of efforts to identify speculators betting against the Wirecard share price.
This project apparently had a humanitarian pretext, but its true purpose remains unclear, according to sources cited by the FT. Founded in 1999, the Bavarian start-up Wirecard rose from a company piping cash to porn and gambling sites to a respectable electronic payments provider that edged traditional lender Commerzbank out of the DAX 30 index.
But at that time, the FT's journalists themselves came under investigation over the reports as the financial technology company was able to repeatedly fend off claims.
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