The Philippines is investigating Wirecard and its missing $2 billion, and a local lawyer says he's being framed, say reports

published 27.06.2020 17:43

by Shona Ghosh from feedproxy.google.com

According to that investigation, Wirecard claimed hefty commissions from several of these businesses, which didn't appear to have the paperwork (or the physical offices) to back the financial claims up.

Philippine authorities will probe local businesses thought to have connections to disgraced German payments firm Wirecard, which collapsed after admitting to a 1.9 billion euro ($2 billion) hole in its balance sheet, the Financial Times reported.

Separately, a Filipino lawyer who opened bank accounts for Wirecard in the Philippines claims he's being framed for fraud.

The Philippines is investigating local businesses that partnered the collapsed German payments company Wirecard, the Financial Times reported.

Separately, a Filipino lawyer who opened up six bank accounts for Wirecard has claimed he is being framed for the company's missing billions.