Wirecard says missing $2.1 billion likely do not exist; withdraws results
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder
The development comes after Chief Executive Officer Markus Braun quit on Friday with the company scrambling to secure a financial lifeline from its banks, while its search for the money hit a dead end in the Philippines. “The central bank is actually doing its own investigation,” Bangko Sentral ng Pilipinas Governor Benjamin Diokno told channel ANC on Monday. “To the extent we are very strict on knowing our clients, I think we should also be strict in knowing the officers of the bank.”Munich-based Wirecard has been lauded as a home-grown fintech success and was propelled into Germany’s blue-chip DAX index in 2018 at the expense of Commerzbank AG.
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