Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard deposit was 'spurious' and reiterated that no cash from the German payments firm had entered the bank.
FILE PHOTO: A company logo of Bank of Philippine Islands is pictured in Manila's Makati financial district February 19, 2016. REUTERS/Erik De Castro
Wirecard said on Monday that 1.9 billion euros that its auditor EY has been unable to account for likely did not exist in the first place after a search for the missing cash hit a dead end in the Philippines. “It was very clear when we were shown the so-called certificate that it was spurious. Very clear it was spurious,” BPI’s Consing told Reuters, adding that he was informed about it on June 15 when EY asked whether the certificates were real.
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