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Philippines probes 57 persons of interest over Wirecard scandal

Published 09/11/2020, 05:36 PM
Updated 09/11/2020, 05:40 PM
© Reuters.

MANILA, Sept 11 (Reuters) - Philippine authorities are
investigating 57 foreign and local "persons of interest"
potentially involved in a scandal at German payments firm
Wirecard AG WDIG.DE , an official at the country's anti-money
laundering agency said on Friday.
The Southeast Asian nation became embroiled in the collapse
of Wirecard in June, with the payments firm initially claiming
it kept $2.1 billion in two Philippine banks, which the central
bank and the lenders denied.
The persons of interest were included in a report sent to
the National Bureau of Investigation, Mel Georgie Racela,
executive director of the Philippines' Anti-Money Laundering
Council (AMLC), told a virtual news conference.
The list includes officers at Philippine lenders BDO Unibank
Inc BDO.PS and Bank of the Philippine Islands BPI.PS
believed to have forged documents to show Wirecard is a
depositor, Racela said, adding that the banks were no longer
part of the investigation.
In addition, immigration personnel who were said to have
created fake entry and exit information on Wirecard's former
chief operating officer are among the persons of interest,
according to Racela. The Bureau of Immigration did not respond
to a request for comment.
"After we coordinate, we will now build up the case and file
the necessary case," Racela said, adding that not all the 57
would face criminal charges.
German lawmakers this month launched a parliamentary inquiry
into the implosion of Wirecard, the country's biggest post-war
corporate fraud. The AMLC is working with German authorities as it pursues a
case against foreigners, Racela said.

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