About: http://data.cimple.eu/news-article/251de5d6c247034451c16d35397a516a798c249210cd864070f2c65a     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The Philippines said Wednesday it will investigate links to the 1.9 billion-euro ($2.1-billion) Wirecard scandal, adding the European payment provider's ex-chief operating officer may be in the country. The announcement follows the arrest in Germany on Monday of Wirecard's ex-chief executive Markus Braun on suspicion of fraud. Prosecutors accuse him of false accounting and market manipulation in connection with the scandal, which is fast turning into one of Germany's biggest financial frauds. They believe Braun artificially "inflated" the company's assets and revenues through fake transactions in order to make the company seem financially stronger and more attractive to investors and customers. The assets were supposedly held in trust accounts at two Philippine banks to cover risks in trading carried out by third parties on Wirecard's behalf. Philippine Justice Secretary Menardo Guevarra said Wednesday it wasn't certain Wirecard actually operated in the country. Still, the country's National Bureau of Investigation and the Anti-Money Laundering Council would investigate individuals allegedly involved in the case, he said. The two agencies would also look into possible violations of the country's anti-money laundering law, Guevarra said. The two Philippine banks allegedly involved -- BDO and BPI -- have denied having a relationship with Wirecard, while the central bank says the money never entered the country's financial system. On Monday Wirecard admitted the money in the supposed accounts likely does not exist. Asked if Wirecard's former chief operating officer Jan Marsalek would be among those to be investigated, Guevarra told AFP: "Yes, if we find him here." Austria-born Marsalek visited the Philippines on March 3-5, Guevarra said, adding "there are some indications that he may have returned recently and may still be here". Wirecard dismissed Marsalek on Monday. "No arrest warrant has been issued against anyone. We've just commenced the fact-finding stage," Guevarra said. cgm/fox
schema:headline
  • Philippines to probe links to German Wirecard scandal
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software