German prosecutors said on Thursday they are investigating insolvent financial services company Wirecard for suspected money laundering.

"We are investigating suspected money laundering," a spokesperson for the Munich prosecutor's office stated and noted Wirecard executives, as well as other unknown individuals are under suspicion.

Last week, prosecutors raided Wirecard offices over the company's accounting scandal and widened the probe to include fraud. Ex-CEO Markus Braun has already been arrested and released on bail, while former COO Jan Marsalek, CFO Alexander von Knoop and Chief Product Officer Susanne Steidl are also under investigation. Meanwhile, US prosecutors also reportedly launched an investigation into Wirecard.