BERLIN German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of insolvent payments company Wirecard, widening the circle of suspects in its fraud investigation.

The Munich prosecutor's office said in a statement that it had questioned the chief executive of Cardsystems Middle East FZ-LLC earlier in the day and arrested him on the basis of a warrant it had obtained earlier.

(Reporting by Douglas Busvine Editing by Arno Schuetze) ((douglas.busvine@tr.com; +49 30 220 133 562; Reuters Messaging: douglas.busvine.thomsonreuters.com@reuters.net))