German prosecutors have announced the arrest of the head of the Paycard Payments Unit in Dubai, widening the circle of suspects in their investigation of fraud in the company that filed for bankruptcy.

Al-Wakeh told Arabiya Net, the prosecutor's office in Munich said in a statement that it had earlier Monday questioned the CEO of Card Systems Middle East, and arrested him based on An arrest warrant obtained earlier.

WireCard filed for bankruptcy, after a $ 2.1 billion disappearance scandal from the company.

The company's management has referred its request to the Munich Court of Germany for protection from its creditors to the excessive debts incurred by the company.

The company explained that it is currently studying whether the procedures for declaring bankruptcy should take place on its subsidiaries as well or not.