The Dax group in Emergency: Philippine banks know nothing of the Wirecard billion

The shares of Wirecard continued its slump today, with a further decline of around 40 percent, after the two Philippine banks, in which 1.9 billion euros of Wir

The Dax group in Emergency: Philippine banks know nothing of the Wirecard billion

The shares of Wirecard continued its slump today, with a further decline of around 40 percent, after the two Philippine banks, in which 1.9 billion euros of Wirecard, every business have denied any relationship with the Munich-based payment service provider. As the news Agency Bloomberg reported, informed both the BDO Unibank, the largest Bank in the island state, as well as the Bank of the Philippine Islands (BPI), that Wirecard, no customer was with you. Thus, the circumstantial evidence for fraud in the case of large-scale condense.

"The document in which the existence of a Wirecard account in BDO, it is claimed, is a manipulated document bearing forged signatures of Bank employees," it said in the opinion of BDO Unibank, which is in the suburb of Makati in the greater Manila resident. Bloomberg reported a statement by the Bank chiefs, Nestor Tan, said, a criminal employee had forged the signatures. Wirecard have no deposits with BDO, the Bank has no relationship to the company. "The case has been reported to the Central Bank of the Philippines," it said in the Bank's opinion more. The BPI said the same thing and announced to the incident to investigate further.

It is thus unclear whether the 1.9 billion euros, which leads to Wirecard in its balance sheet, and account for a quarter of its balance sheet total, do not really exist. Meanwhile, Wirecard has sent the Hearing to a Team to Manila to investigate the Problem on the spot. It is in Aschheim, still utterly helpless, whether an internal or an external fraudster might be involved.

WIRECARD -- -- (--) Xetra tradegate London SE Int. Level 1Lang & Schwarz, Stuttgart, Frankfurt, Switzerland OTCWienSchweiz 1T 1W 3M 1J 3J 5J For detail view

This is especially remarkable since one of the allegations at least since the first report of the "Financial Times" from October, 2019 on the irregularities to be informed had to. In Aschheim, the pure fear: If the money was not found until next week, threatens a second Enron case. The American energy group, was one of the largest of its kind and was a result of a gigantic accounting fraud in the bankruptcy. The market is therefore played for the first Time, a serious insolvency of Wirecard by.

Updated Date: 19 June 2020, 20:19

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