A german businessman in charge of certainly one of wirecards biggest types of stated profits happens to be reported dead per month after philippine authorities revealed he had been under research throughout the payments companys failure.

The loss of christopher bauer, 44, ended up being reported to a municipal registry in manila the other day. in summer, philippine authorities stated they were examining him and his spouse, belinda bauer, in a probe involving wirecards partner businesses.

The bauers had been the people who own payeasy possibilities, a manila-based repayments processor that has been a vital company companion for wirecard, accounting for 291.4m of this german payment teams reported revenue of 2bn in 2018 and more than a fifth of their operating revenue.

Wirecard collapsed in june after saying 1.9bn purportedly held in escrow records in philippines would not occur. additionally revealed that its outsourced operations in asia, including payeasy, was indeed misrepresented to investors and that it was examining whether, for which fashion also to what degree such business has actually in fact already been conducted the advantage of the company.

Menardo guevarra, the philippine secretary of justice, told the financial instances he'd to find out first if deceased person is the identical individual topic associated with ongoing investigation. he'd decide whether more research into mr bauers reported death ended up being required after getting a duplicate regarding the death certificate.

The bauers identified in an financial days investigation last year owned payeasy as of 2017, in accordance with community filings, and possess represented centurion online payment overseas, a moment companion company, in interactions with wirecard.

Mr bauer in 2015 apparently got an inward remittance from wirecard asia for consultancy solutions rendered, stated mr guevarra without disclosing a quantity.

A document seen because of the financial days indicates that wirecard because of the end of this past year had also granted 260m in loans to payeasy.

Mr bauer, which told auditors from kpmg which he had been a wirecard staff member before joining payeasy some 12 years ago, additionally possessed froehlich tours, a bus and coach local rental business that shares an office with payeasy in manila.

At a gathering in manila in march, mr bauer and wirecards fugitive former main operating officer jan marsalek briefed kpmg and ey on payeasys company, informing the auditors that business specialised in processing repayments for risky clients in on the web gaming, gambling and porn, based on an unique review by kpmg.

The philippine authorities are now investigating exactly how immigration records were fabricated to demonstrate mr marsalek arriving in the nation in june and making 24 hours later for china. cctv video footage revealed no these types of arrival.

On july 27, mrs bauer published a graphic of a black colored ribbon on facebook, while her child published a photograph of an urn bearing her dads name two days later. mr bauers household on august 1 published a death notice in a regional magazine in hesse, germany, where their moms and dads are living.mr bauers moms and dads declined to comment. mr bauers attorney couldn't straight away answer a request for opinion.

Munich prosecutors, who are leading the unlawful probe into wirecard in germany, stated they had maybe not received any formal notice about mr bauers death. they declined to review if an arrest warrant against him was indeed released.

Mr bauers reason for death stays not clear. the municipal registry declined to review, citing the data privacy act. a guard during the bauers gated neighborhood stated he previously died of a heart assault.

A group of guys playing cards away from bauers household in manila said the widow could not review and suggested speaking-to her attorney, whose contact details they declined to reveal.

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