Wirecard’s is being investigated by the Philippines and the German payments firm’s former chief operating officer Jan Marsalek may be in the country
MUNICH/MANILA - Wirecard’s missing $2.1 billion is being investigated by the Philippines, which said that the German payments firm’s former chief operating officer Jan Marsalek may be in the country.
“There are some indications that he may have returned recently and may still be here,” Guevarra said in a text message to reporters, adding that immigration records showed the 40-year-old Austrian had been in the Philippines from March 3-5.Wirecard’s already battered shares fell a further 30% as a consortium of banks held crisis talks on how to recoup around $2 billion in loans to Wirecard, whose only listed bond crashed to 17 cents on the euro.
Former chief executive Markus Braun, who was arrested in Munich on Monday on suspicion of misrepresenting Wirecard’s accounts and of market manipulation, was released on Tuesday after posting bail of 5 million euros .
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