As I understand it Wirecard had a written confirmation by two Phillipine banks that there is 2 biion in desposits. E&Y got suspicious, because the confirmations

As I understand it Wirecard had a written confirmation by two Phillipine banks that there is 2 biion in desposits. E&Y got suspicious, because the confirmations arrived really fast, much faster thank banks usually take to issue these papers. So they sent a guy in the Phillipines to the banks to investigate. The banks claimed that there are no deposits and the documents were issues by an employee without authorization.