A key figure in the billion dollar scandal surrounding the insolvent DAX group may be in China. According to data from the Philippine Immigration Service, former Wirecard board member Jan Marsalek traveled to the Southeast Asian country on Tuesday and to China via Cebu airport on Wednesday. However, the airport’s video footage did not show that Marsalek left the country, Justice Minister Menardo Guevarra told CNN Philippines on Thursday.
The manager was responsible for day-to-day operations on the Wirecard board and was dismissed without notice last Monday. The public prosecutor’s office in Munich has been investigating Marsalek, ex-CEO Markus Braun and two other current officers for suspected misinformation from investors for weeks.
The accounting firm EY, which checked Wirecard’s balance sheets, expects extensive fraud with several parties involved around the world. Wirecard filed for bankruptcy on Thursday. The company has granted alleged air bookings in the amount of 1.9 billion euros, which is why the board of directors also expected the termination of loans in the billions in the coming week.
Criminal charges have been filed against EY in a German court.
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