The German company Wirkard filed a request to proceed with its bankruptcy, after the scandal of the disappearance of $ 2.1 billion from the company.
According to ArabiaNet, the company's management has submitted its request to the Munich Court of Germany for protection from its creditors to the excessive debts incurred by the company. "rtl" style = "text-align: justify;">
The company has indicated that it is currently studying whether bankruptcy procedures should be carried out on its subsidiaries as well or not.
We have arrested the CEO and former chief financial officer of Wirecard, after the disappearance of about $ 2.1 billion from the Digital Payments Company, in the scandal that rocked the financial industry in Germany.
Marcus Browne, who resigned last week, was arrested on Monday evening in Munich, as part of an investigation into the company's accounting behavior, the Attorney General said in a statement. . Today, Tuesday, the judge will decide how long Marcus will be held.
The company said earlier, that the two billion dollars that disappeared from the company's accounts on the way to Filipino banks may not have a presence from the original.
The Philippine Central Bank confirmed that the lost money had not entered the country's financial system.
The company withdrew its financial statements for the year 2019 and the first quarter of 2020. The auditor, Ernst & Young, refused to certify the financial statements of the company.
