Philippines: Wirecard now says missing US$2.1bil likely do not exist; withdraws results


Pedestrians walk past a BDO Unibank Inc. branch in Makati City, Metro Manila, the Philippines. BDO, the Philippines’ largest bank by assets, said it is one of the Asian banks involved in an investigation into about 1.9 billion euros ($2.1 billion) of missing cash at Germany’s Wirecard AG. - Bloomberg

MANILA (Reuters): Wirecard AG on Monday (June 22) said there was a likelihood that the 1.9 billion euros (US$2.13 billion) reported missing from its accounts simply did not exist in the first place.

The scandal-hit German payments firm said it was also withdrawing its full-year 2019 and first-quarter 2020 financial results.

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Wirecard AG , Missing Money , May Not Exist

   

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