Philippine authorities file criminal raps against Wirecard's ex-COO, others

The respondents are accused violating banking, cybercrime and e-commerce laws.

Philippine authorities investigating the multi-billion dollar fraud at Germany’s Wirecard have filed criminal complaints against the payment firm’s former COO Jan Marsalek, reports Reuters.

The country’s justice minister Menardo Guevarra has said that the complaints filed by the National Bureau of Investigation (NBI) on May 31 accuse the respondents of violating banking, cybercrime, and e-commerce laws as well as falsifying commercial documents.

In addition to Marsalek, Gueverra said complaints were also filed against the M.K. Tolentino Law Office as well as against other entities which he did not name.

Wirecard collapsed in June 2020, owing creditors almost $4billion. At one point, it claimed it kept more than $2b in two Philippine banks, claims that the country's central bank and the lenders have denied.

The whereabouts of Marsalek are unknown.

Here’s more from Reuters.

Follow the link for more news on

Wirecard

cashless payments

Also Read

BaaS providers revenues to more than double by 2028

Ant International to build Malaysia digital business centre and is hiring 500 roles

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit