BERLIN (Reuters) - German financial watchdog BaFin said on Thursday it had filed a criminal complaint against one of its employees in relation to suspected insider trading in collapsed payments company Wirecard.
The suspect sold structured products based on Wirecard AG (OTC:WCAGY) on June 17 last year, BaFin added, just a day before the company said its auditor EY was unable to confirm the existence of 1.9 billion euros ($2.3 billion) in cash balances on trust accounts.
Wirecard filed for insolvency on June 25.
BaFin said it immediately suspended the employee, whom it did not name, and opened disciplinary proceedings.
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