Wirecard scandal used names of PH banks to ‘cover perpetrators tracks’ — BSP Diokno

Monday, July 6th, 2020. Filed under: Money & Business News World News

MANILA, July 6 (Mabuhay) — The Wirecard scandal used the names of the country’s top lenders to cover fraudsters tracks, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.

During a Malacanang video conference, Diokno reiterated that the missing $2.1 billion of the German payment provider did not enter the country’s financial system.

“The international scandal used the names of the Philippines’ 2 biggest banks, an attempt to cover the perpetrators track,” Diokno said.

BDO Unibank and the Bank of the Philippine Islands earlier said that documents linking them to Wirecard were falsified. Employees responsible for the fraud have been terminated.

The BPI earlier said linking the Philippine banks to the international scandal could likely be a “cover up.”

The National Bureau of Investigations and the Anti-Money Laundering Council are currently investigating the scandal, Diokno said.  (MNS)

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