outbrain
Close  

DOJ says NBI, AMLC, BI to probe Wirecard controversy

/ 07:33 PM June 24, 2020

MANILA, Philippines — Justice Secretary Menardo Guevarra on Wednesday ordered the National Bureau of Investigation (NBI) to identify certain individuals involved in alleged accounting irregularities in Wirecard AG, which reportedly lost US$2.1 billion in its purported Asian operations.

Guevarra said that prior to the controversy, Jan Marsalek, chief operating officer of Wirecard, arrived in the Philippines on March 3, and left after two days. For this, Guevarra also ordered the Bureau of Immigration (BI) to conduct “immediate investigation.”

ADVERTISEMENT

Marsalek, who oversaw the daily operations of the company in Southeast Asia, has reportedly been fired from his position and is being blamed for the financial mess.

“There are some indications that he may have returned recently and may still be here…We found something curious in the BI database but let’s leave it at that. I have ordered the Bureau of Immigration to conduct an immediate investigation…,” Guevarra said.

FEATURED STORIES

In this April 25, 2019 file photo, Markus Braun, CEO of financial services company Wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday, June 19, 2020, after the company disclosed that auditors couldn’t find accounts containing the money. (AP Photo/Matthias Schrader, file)

The DOJ chief added that the NBI has been instructed to coordinate with the Anti-Money Laundering Council (AMLC) despite a statement from the Bangko Sentral ng Pilipinas (BSP) that the missing money of Wirecard did not enter the Philippines.

The names of two of the country’s biggest banks BDO Unibank Inc. (BDO) and Bank of the Philippines Islands (BPI) were being linked in the scandal.

But, BSP Governor Benjamin Diokno claimed that those behind the anomaly are only using the names of the two banks to cover their tracks as initial reports indicate that none of the missing $2.1 billion entered the Philippine financial system.

Both banks have denied Wirecard was their client.

“The NBI and AMLC will work together insofar as there are indications of money laundering. I have no info on whether Wirecard is operating in the Philippines,” Guevarra said.

KGA

RELATED STORIES

Ex-CEO of Wirecard arrested in case over missing billions
Wirecard scandal: Missing billions likely don’t exist

ADVERTISEMENT

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: AMLC, Anti-Money Laundering Council, BI, Finance, FinTech, investigation, nbi, Wirecard
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.