Former chief executive Markus Braun and two other ex managers are on trial on charges including market manipulation and fraud and face up to 15 years each in prison if convicted

Former chief executive Markus Braun's lawyers alleged Oliver Bellenhaus was the main perpetrator of the fraud at Wirecard, which began processing payments for pornography and online gambling

The chief executive of Wirecard resigned on Friday after the search for €1.9 billion of cash missing from the embattled electronic payments firm hit a dead end in the Philippines.