Law firm confirms working with Wirecard to open PH unit, says BPI account under treasurer's name real
Metro Manila (CNN Philippines, July 1) – The Bank of the Philippine Islands account opened to set up a Wirecard unit in the Philippines is real, a law firm said Wednesday, adding that a ₱100-million deposit came from the German firm three years ago.
The Castillo Laman Tan Pantaleon & San Jose (CLTPSJ) law firm sent a fact sheet to CNN Philippines to confirm a report about the involvement of its associate Andre Ria Buzeta as treasurer-in-trust of Wirecard e-Money Philippines, Inc. when it was being set up in late 2016.
The law firm said the embattled German e-payments company is their client, but is "not a very active" one.
CLTPSJ lawyers said they were only involved in Wirecard's move to put up a subsidiary in Manila to assist in the incorporation and registration of the local unit with Philippine regulators. For this, a treasurer-in-trust-for or TITF account was opened under BPI, officially named as "Andre Ria B. Buzeta TITF Wirecard e-Money Philippines, Inc."
"We know for a fact that the BPI certification is not a fake because we ourselves opened the TITF account, and we observed the flow of funds in and out of that account until the account was closed," the law firm said in the statement to refute an earlier claim of BPI President and Chief Executive Officer Cezar Consing questioning the authenticity of the document.
Consing told CNN Philippines in an interview last week that there were "elements in the certificate that look fake," stressing that BPI never had a relationship with ...
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