None of the US$2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the ...
None of the US$2.1 billion missing from scandal-hit German payments firm Wirecard AG appears to have entered the Philippine financial system, the central bank said on Sunday.
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement the Southeast Asian country's biggest lenders, BDO Unibank and Bank of the Philippine Islands , suffered no losses, despite having been named in connection with the missing funds.
"The initial report is that no money entered the Philippines and that there is no loss to both banks," Diokno said, though he added that the central bank was investigating. BPI, however, told Reuters on Saturday that it had suspended an assistant manager whose signature appeared on one of the fraudulent documents.
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