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Malaysian ex-PM Najib Razak sentenced to 12 years over 1MDB scandal

M. Jegathesan and Patrick Lee, Agence France-Presse
Posted at Jul 28 08:36 PM

Former Malaysian leader Najib Razak was sentenced Tuesday to 12 years in jail on corruption charges linked to the multi-billion-dollar 1MDB scandal that led to the downfall of his government two years ago.  Read more »

Malaysian ex-PM Najib guilty of all charges in first 1MDB trial

Agence France-Presse
Updated as of Jul 28 01:33 PM

Malaysian ex-leader Najib Razak was found guilty Tuesday of all charges in his first trial over the multi-billion-dollar 1MDB scandal. Read more »

Bangko Sentral welcomes international coordination in Wirecard probe

ABS-CBN News
Updated as of Jul 17 11:58 AM

The Bangko Sentral ng Pilipinas said Friday it was open to coordination with international authorities to hold individuals involved in the Wirecard scandal accountable. Read more »

Wirecard scandal used names of PH banks to 'cover perpetrators tracks': BSP Diokno

ABS-CBN News
Updated as of Jul 06 04:07 PM

The Wirecard scandal used the names of the country's top lenders to cover fraudsters tracks, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.  Read more »

Germany vows to beef up finance watchdog after Wirecard drama

Agence France-Presse
Posted at Jul 06 08:12 AM

German Finance Minister Olaf Scholz said Sunday he wanted to overhaul the country's finance watchdog Bafin and give it more powers after a massive fraud scandal involving digital payments firm Wirecard. Read more »

Who's to blame for Wirecard's woes?

John O'Donnell, Reuters
Posted at Jul 03 09:04 AM

Germany's accountancy watchdog has denied blame for failing to spot problems at collapsed payments firm Wirecard, the latest in a string of agencies to shirk responsibility following the country's biggest accounting scandal.  Read more »

Japan seeks extradition of two who helped ex-Nissan chief Ghosn escape

Agence France-Presse
Posted at Jul 03 08:43 AM

Japan has formally asked the United States to extradite two men who helped former Nissan chief executive Carlos Ghosn escape the country to avoid prosecution, a court filing showed Thursday. Read more »

Wirecard administrator eyes piece-by-piece sell-off

Agence France-Presse
Posted at Jul 01 03:34 PM

The unprecedented scandal at German payments processor Wirecard could lead to the group being sold off piecemeal, after its insolvency administrator said investors are eyeing profitable business units. Read more »

Philippine financial system 'sound', strict rules in place for bank certifications: BAP

ABS-CBN News
Posted at Jun 30 10:13 AM

The Bankers Association of the Philippines said Tuesday the country's financial system was "sound" despite some rogue individuals who falsified documents to link local banks to the Wirecard scandal.  Read more »

Anti-Money Laundering Council promises 'swift and thorough' probe of Wirecard

Reuters
Updated as of Jun 29 05:18 PM

MANILA -- The Philippines' anti-money laundering agency on Monday said it would conduct a "swift and thorough" investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest. Read more »

Wirecard to continue operating despite filing for insolvency

Agence France-Presse
Posted at Jun 28 07:35 AM

German payments provider Wirecard said Saturday that it would continue to operate despite filing for insolvency following a vast accounting fraud scandal. Read more »

PH Anti-Money Laundering Council probes Wirecard scandal

ABS-CBN News
Posted at Jun 25 06:04 PM

MANILA - The Anti-Money Laundering Council said Thursday it was working with the National Bureau of Investigation to probe the scandal over German payment provider Wirecard's missing $2.1 billion in funds and the alleged involvement of some Philippine banks and nationals. Read more »

Wirecard files for insolvency, becoming first DAX member to fail

Reuters
Posted at Jun 25 05:16 PM

BERLIN/MUNICH, Germany -- Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming the first sitting member of Germany's blue-chip share index to go out of business. Read more »

Former Wirecard CEO freed on bail in missing billions case

Reuters
Posted at Jun 24 06:11 PM

MUNICH — Former Wirecard WDIG.DE CEO Markus Braun, who was arrested on suspicion of falsifying the German payments firm's accounts, has been released from custody, his lawyer told Reuters on Wednesday. Read more »

Justice chief cites 'indications' controversial Wirecard ex-COO in PH

Mike Navallo, ABS-CBN News
Posted at Jun 24 05:16 PM

MANILA - A former executive of scandal-hit German payment processor firm Wirecard may be in the Philippines, Justice Secretary Menardo Guevarra revealed Wednesday, as more details emerged surrounding the company's missing $2.1 billion funds.   Read more »

Filipino in Wirecard case claims getting death threats, insists he was framed

Jacque Manabat, ABS-CBN News
Updated as of Jun 24 01:07 AM

MANILA (UPDATED) - Despite being with 2 bodyguards when he alighted from his SUV, lawyer Mark Kristopher Tolentino was still hesitant to grant an interview.  Read more »

Former CEO of scandal-hit Wirecard arrested in Germany

Michelle Fitzpatrick, Agence France-Presse
Posted at Jun 23 05:42 PM

The former chief executive of Wirecard, Markus Braun, has been arrested on suspicion of market manipulation, German prosecutors said Tuesday, after the payments provider admitted that 1.9 billion euros ($2.1 billion) missing from its accounts likely "do not exist".   Read more »

Singapore's central bank says received licence application from Wirecard

Reuters
Posted at Jun 23 02:56 PM

The Monetary Authority of Singapore (MAS) has received a license application from scandal-hit electronics payments firm Wirecard under the country's new Payments Services Act, the central bank said on Tuesday. Read more »

Five things to know about the Wirecard scandal

Agence France-Presse
Posted at Jun 22 09:47 PM

Here are the most important facts about a scandal that is drawing comparisons with the collapse of US energy company Enron in the early 2000s over accounting fraud. Read more »

COVID-19 research scandal: Unwanted diversion during pandemic

Issam Ahmed, Agence France-Presse
Posted at Jun 06 10:08 AM

COVID-19 research scandal: Unwanted diversion during pandemic Read more »