(Bloomberg) — None of Wirecard AG’s missing $2.1 billion of cash entered the Philippine financial system, according to the nation’s central bank Governor Benjamin Diokno, after two of its major lenders denied holding funds for the German payments processor.BDO Unibank Inc., the country’s biggest bank, and Bank of the Philippine Islands, said on Friday that they didn’t have a relationship with Wirecard and that rogue employees falsified documents that indicated the presence of some funds.“The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said in a mobile-phone message to …read more
Source:: Yahoo Finance
