Philippines confirms death of ex-Wirecard exec Bauer

 Philippines confirms death of ex-Wirecard exec Bauer
imageStock Markets2 hours ago (Aug 13, 2020 06:45AM ET)

(C) Reuters.

MANILA (Reuters) – Former Wirecard executive Christopher Bauer, one of several people being investigated over a multi-billion dollar fraud at the German payments firm, died in The Philippines last month, the Justice Ministry confirmed on Thursday.

Bauer died of natural causes in a hospital in the capital Manila on July 27 and was cremated, Justice Secretary Menardo Guevarra said in a statement citing official documents submitted to local investigators.

Bauer was part of an ongoing probe by the National Bureau of Investigation and the Anti-Money Laundering Council into the accounting scandal.

The Philippines became connected to the accounting saga at Wirecard AG (OTC:WCAGY) when the German firm initially claimed that a missing $2.1 billion had been kept in two Philippine banks, which the banks said was not true.

The Philippines was also linked to Wirecard through its former chief operating officer Jan Marsalek, who was recorded as entering the country on June 23 then leaving for China a day later, around the time that news of the scandal broke.

Guevarra last month said those travel records had been falsified.

Philippines confirms death of ex-Wirecard exec Bauer

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *