Philippine Lenders Deny They Held Wirecard Bank Accounts
- Document showing banking relationship with BPI called ‘bogus’
- BDO CEO says Wirecard funds didn’t pass through bank
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Two Philippine lenders said they didn’t hold cash on behalf of Wirecard AG, the German payments processor whose shares have tumbled after it said it was unable to locate more than $2 billion in funds.
A document purporting to show a link between Wirecard and the Bank of the Philippine Islands was “bogus” and may be part of an attempted fraud, the president of the Southeast Asian lender said in a phone interview on Friday. The nation’s biggest lender BDO Unibank Inc. also said the German firm isn’t one of its clients.