Wirecard’s missing $US2.1 billion ($A3.1 billion) is being investigated by the Philippines, which says that the German payments firm’s former chief operating officer Jan Marsalek may be in the country.
Justice Secretary Menardo Guevarra said on Wednesday that he had told state investigators to co-ordinate with the Philippine central bank’s anti-money laundering council in the inquiry.
Marsalek was fired on Monday after Wirecard said that the cash, purportedly held at two Philippine banks which have denied any links with the firm, probably did not exist.
“There are some indications that he may have returned recently and may still be here,” Guevarra said in a text message to reporters, adding that immigration records showed the 40-year-old Austrian had been in the Philippines from March 3-5.
Marsalek’s lawyer could not be reached for comment.
Wirecard’s already battered shares fell a further 30 per cent as a consortium of banks held crisis talks on how to recoup about $US2 billion in loans to Wirecard.
Munich prosecutors may seek Marsalek’s arrest, German business daily newspaper Handelsblatt reported.
Germany has no extradition treaty with the Philippines.
Former chief executive Markus Braun, who was arrested in Munich on Monday on suspicion of misrepresenting Wirecard’s accounts and of market manipulation, was released on Tuesday after posting bail of 5 million euros ($A8.2 million).
Although a warrant against Braun, who is also Austrian, has been lifted, he remains under investigation.