A 60-year-old Indian-origin Singaporean man was sentenced to four week in jail on Wednesday for failing to exercise diligence in his duty as a director of a company which received more than Euro 54 million (SGD78 million) from Germany's Wirecard.
Thilagaratnam Rajaratnam admitted he had signed multiple letters linked to his firm while being unaware of its dealings. Read more at straitstimes.com.
The allegedly falsified letters state that an accounting firm in Singapore held sums of up to €328 million in escrow accounts for Wirecard AG or its related companies.
Singapore News - Three people who used to work for Wirecard Asia Holding (WAH)- a Singapore subsidiary of German payment processing company Wirecard AG - and a director of another firm are now accused of being part of a conspiracy to misappropriate from WAH various amounts of up to $100,000 on each. Read more at www.tnp.sg
SINGAPORE (The Straits Times/Asia News Network): Three people who used to work for Wirecard Asia Holding (WAH) - a Singapore subsidiary of German payment processing company Wirecard AG - and a director of another firm are now accused of being part of a conspiracy to misappropriate from WAH various amounts of up to S$100,000 on each occasion.