MANILA, June 22 — 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. Wirecard said today that €1.9 billion...
Monday, 22 Jun 2020 06:45 PM MYT
MANILA, June 22 — 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. BPI and fellow Philippine bank BDO Unibank both issued statements last week saying that Munich-based Wirecard was not a client and BDO has also said documents purporting to show Wirecard had deposited funds with it were false.
Consing said the bank had taken immediate action and discovered that a “very junior” assistant manager at BPI had signed the “bogus” certificate. He did not name the individual.
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