Philippines Investigates 57 Potential Participants In Wirecard Scandal
Fifty-seven local and international “persons of interest”
who possibly participated in the Wirecard AG scandal are subjects of a probe by
government officials in the Philippines, Reuters reported.
Anti-Money Laundering Council (AMLC) Executive Director Mel
Georgie Racela said in a news conference that the individuals were identified
in a report provided to the National Bureau of Investigation. The official also
pointed out that not all of them would be subject to criminal charges.
Officials at two Philippine lenders who are thought to have
faked paperwork were on the list, noted Racela, who indicated that the
financial institutions are not currently part of the probe.
Immigration officials who purportedly falsified arrival and
departure data on the ex-COO of Wirecard are also among the persons of
interest, the newswire reported.
The country’s connection with the demise of Wirecard stems
from the fact that the payment company at first contended that it had stored
$2.1 billion in two financial institutions there, a claim that was rejected by
the lenders as well as the central bank.
In September, legislators in Germany rolled out a
parliamentary probe into Wirecard’s demise, per Reuters. In July, the AMLC said
investigators were focusing their attention on two rogue bank staffers in
investigating the scandal.
In August, Wirecard Card Solutions Ltd. unveiled its
intentions to sell its British operations. The firm’s card technology, assets
and customers will be sold to Railsbank, a U.K.-based FinTech, under the terms
of the deal. Wirecard said in a statement at the time that the FinTech “has
proven production experience of running over 50 card programs in the United
Kingdom, European Union, United States and Singapore and has all the supporting
operational and license infrastructure.”
The company had also consented to sell its business in
Brazil to mobile payment-based online shopping firm PagSeguro Digital.
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