MANILA (Reuters) – Immigration data exhibiting Wirecard’s former chief working officer Jan Marsalek arrived within the Philippines on June 23 and departed for China the subsequent day had been falsified, Philippines Justice Secretary Menardo Guevarra mentioned on Saturday.
Guevarra mentioned the immigration officers who inputted the fictional entries have been relieved of their duties and face administrative sanctions.
“The investigation has now turned to individuals who made the false entries within the database, their motives and their cohorts,” Guevarra instructed reporters.
Marsalek, 40, was fired as COO of the German agency on June 18 after auditor EY refused to log out on Wirecard’s accounts. The corporate, as soon as one of many hottest fintech corporations in Europe, collapsed every week later owing collectors nearly $four billion after disclosing a $2.1 billion gap in its accounts that auditor EY mentioned was the results of a complicated international fraud.
The lacking cash was purportedly held in escrow accounts at two Philippine banks, which have denied any hyperlinks with the Wirecard.
Guevarra mentioned it was doable Marsalek may very well be within the nation, telling Reuters, “However the Bureau of Immigration report, I don’t completely low cost the chance that Marsalek could also be within the Philippines.”
“We’re an island nation, and there are backdoors via which undocumented foreigners could slip via,” he mentioned.
Munich prosecutors obtained arrest warrants in opposition to ex-CEO Markus Braun and Marsalek on June 22. Braun turned himself in that day, however Marsalek has disappeared and his cell quantity is now not in service.
Each are suspected of market manipulation, false accounting and fraud, whereas the circle of suspects has widened to the complete administration board of Wirecard.
Marsalek’s lawyer has declined all requests for remark.
Marsalek had oversight of Wirecard’s Asian operations, that are on the centre of suspicion by auditors and prosecutors of makes an attempt to falsely inflate money balances, turnover and revenue.
Guevarra mentioned earlier immigration data had proven that Marsalek had been within the Philippines from March three to five.
(Reporting by Karen Lema; Extra reporting by Douglas Busvine in Berlin; Enhancing by William Mallard)