Money

Galing Recto ‘yan! BDO fires employee behind fake docs in $2.1B Wirecard scam

BDO Unibank has found the alleged employee who forged the bank’s documents used in the $2.1 billion cash of German company Wirecard AG.

The country’s largest bank confirmed to Bangko Sentral ng Pilipinas Governor Ben Diokno that it has terminated one of its marketing officers just hours after admitting it was one of the two Asian banks (the other is Bank of the Philippine Islands) suspected of holding in escrow Wirecard’s missing $2.1 billion funds.

No Wirecard cash went through BDO: Nestor Tan hunting for CEO complicit staff in $2.1B scam

BDO conducted an internal investigation which showed that the employee fabricated a bank certificate handed over to Wirecard’s external auditor, Ernst & Young Germany.

‘Di namin kliyente ‘yan! BPI denies hand in Wirecard’s $2.1B missing funds

The fake document certified that part of the 1.9 billion euros ($2.1 billion) in escrow fund of Wirecard were lodged with BDO.

Updated: BDO says it’s a victim in $2.1B Wirecard fraud: Scammers faked our docs, forged officers’ signatures

BDO told Diokno it “has already initiated termination proceedings.”

BPI, the other bank involved in the scam, has yet to report its findings to the central bank.

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