June 21, 2020
MANILA (Reuters) – The Philippine central bank said on Sunday that none of the missing $2.1 billion of scandal-hit German firm Wirecard had entered the local financial system.
In a statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Philippine BDO Unibank and Bank of the Philippine Islands, the Southeast Asian country’s biggest lenders, suffered no losses, despite having been named in connection with the missing funds.
The scandal-hit Wirecard, whose CEO resigned on Friday, is scrambling to reassure investors after its search for the missing cash hit a dead end in the Philippines.
(Reporting by Enrico dela Cruz; Editing by William Mallard)
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Philippine central bank says none of Wirecard’s missing $2.1 billion entered local financial system
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