View source for Philippine Officials Faked Data Showing Ex-Wirecard Exec In Country

Wirecard has admitted that 1.9 billion euros missing from its accounts likely did not exist<br>  <br>Philippine immigration officers falsified records to show ex-Wirecard executive Jan Marsalek briefly visited the country after he was sacked from the collapsed German payments processor, the justice minister said Saturday.<br> <br>German and Philippine authorities want to question the former chief operating officer as part of their separate investigations into the Wirecard accounting scandal, but his whereabouts are unclear.<br> <br>[http://www.channel4.com/news/Entries Entries] in the Bureau of Immigration database show Marsalek arrived in the Philippines on June 23 -- the day after he was fired -- and left for China on June 24.<br> <br>But CCTV footage, airline manifests and other records prove Marsalek was not in the country on those dates, minister Menardo Guevarra said in a statement.<br> <br>"The investigation has now turned to the persons who made the false entries in the database, their motives, and their cohorts," Guevarra said.<br> <br>The immigration employees have been stood down and face punishment.<br><br>Investigators were also looking into "possible criminal responsibility" for the fake entries, he said.<br> <br>Guevarra told reporters last month that immigration records showing Marsalek's transit through the Philippine city of [https://lucidire.com/tags.php?id=ZEE5 Cebu] could be part of "diversionary tactics to mislead Marsalek's pursuers".<br> <br>Marsalek was responsible for the Asia business that became the focus of accounting irregularities -- including a missing 1.9 billion euros ($2.1 billion) supposedly banked in the Philippines -- that ultimately brought Wirecard down.<br> <br>[http://www.bbc.co.uk/search/?q=Wirecard Wirecard] has filed for insolvency and admitted that the 1.9 billion euros likely did not exist.<br> <br>Marsalek failed to turn himself in to Munich investigators despite a reported earlier promise to do so.<br> <br>Wirecard's former chief executive and founder Markus Braun was bailed for five million euros last week after reporting to prosecutors over charges of falsifying accounts.<br> <br>The assets supposedly held in trust accounts at two Philippine banks were to cover risks in trading carried out by third parties on Wirecard's behalf.<br> <br>But the Philippines' central bank said the cash never entered the country's financial system and both banks, BDO and BPI, have denied having a relationship with Wirecard.<br> <br>As part of the Philippine probe, Guevarra said Manila-based lawyer Mark Tolentino, the trustee of the Wirecard deposits, gave a statement to investigators on Monday.<br> <br>"Tolentino said he was hired by his principal early this year to provide consultancy services," Guevarra said.<br> <br>"He said he's receiving death threats."<br><br><br>adverts.addToArray("pos":"inread_player")Advertisement