MANILA - Some $2.1 billion missing money of German firm Wirecard did not enter the Philippine financial system, the central bank said Sunday.
The money allegedly went through the country's two biggest banks BDO and BPI, which they earlier denied.
The Bangko Sentral ng Pilipinas said it found in its investigation that "no money entered the Philippines and that there is no loss to both banks."
"Both BDO and BPI state that the financial technology firm Wirecard was not a client nor did they have any business relationship with the German firm," BSP Governor Benjamin Diokno said in a statement.
Both banks had also informed external auditor Ernst & Young that "the documents that attested to the presence of the supposed funds were "spurious," he added.
The fintech firm's 4 board members have been under investigation since early June by Munich prosecutors for "market manipulation," and Wirecard's headquarters were searched as part of the probe.
The scandal deepened on Thursday when the firm was forced to delay the publication of its 2019 results for a fourth time, prompting its CEO to quit the next day.
--With reports from Agence France-Presse