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Philippines confirms demise of ex-Wirecard exec Bauer

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MANILA: Former Wirecard govt Christopher Bauer, certainly one of a number of individuals being investigated over a multi-billion greenback fraud on the German funds agency, died within the Philippines final month, the Justice ministry confirmed on Thursday (Aug 13).

Bauer died of pure causes in a hospital within the capital Manila on Jul 27 and was cremated, Justice Secretary Menardo Guevarra mentioned in an announcement citing official paperwork submitted to native investigators.

The German businessman was 44 years outdated and had a pre-existing situation, Gueverra mentioned.

“His demise certificates doesn’t point out any exterior trigger as to the way of demise,” Guevarra mentioned.

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

READ: Singapore charges Citadelle director with falsifying letters related to Wirecard

The Philippines grew to become linked to the accounting saga at Wirecard AG when the German agency initially claimed {that a} lacking US$2.1 billion had been stored in two Philippine banks, which the banks mentioned was not true.

The nation was additionally linked to Wirecard via its former chief working officer Jan Marsalek, who was recorded as coming into the nation on Jun 23 then leaving for China a day later, across the time that information of the scandal broke.

Guevarra final month mentioned these journey information had been falsified.

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