No Missing Wirecard Funds in Philippines, Central Bank Says
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None of Wirecard AG’s missing $2.1 billion of cash entered the Philippine financial system, according to the nation’s central bank Governor Benjamin Diokno, after two of its major lenders denied holding funds for the German payments processor.
BDO Unibank Inc., the country’s biggest bank, and Bank of the Philippine Islands, said on Friday that they didn’t have a relationship with Wirecard and that rogue employees falsified documents that indicated the presence of some funds.