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.
Because of the payments he received, Lee John Chieh exercised leniency and showed favour to his business associate’s company when dealing with related projects.
The syndicate used a secret formula to calculate outcomes of baccarat games, assigning roles to each member in order to maximise their chances of winning.