Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that the initial probe regarding the $2.1 billion missing funds of German payments firm Wirecard found out that the money did not end up in the Philippines. Wirecard has said that its missing funds were put in escrow in two Asian banks.
In a Viber message to journalists, Diokno said domestic monetary authorities are now conducting an investigation on the allegation that the funds were transferred to the Bank of the Philippine Islands (BPI) and BDO Unibank Inc.
“Both BDO and BPI state that the financial technology firm Wirecard was not a client nor did they have any business relationship with the German firm. Both banks informed Ernst & Young, the external auditor, that the documents that attested to the presence of the supposed funds were ‘spurious’,” he said.
Diokno further added that the allegation that the missing funds ended in the Philippine financial system is “an attempt to cover the perpetrators’ track.”