Philippine investigators accuse ex-Wirecard COO of fraud, cybercrime ...Middle East

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MANILA: Philippine investigators have lodged criminal complaints against a former executive of collapsed German payments firm Wirecard and others for alleged bank fraud and cybercrime offences, the justice secretary said Monday.Wirecard was once a rising star in the fintech sector until it filed for bankruptcy last year after admitting that 1.9 billion euros (RM 9.5 billion) was missing from its accounts.The money was supposedly held in trust in two Philippine lenders to cover trading risks carried out by third parties on Wirecard’s behalf.But in June 2020 longtime auditors Ernst & Young said they were unable to find it, forcing the company to admit the money did not exist.The Philippine cen

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