Singapore police charge 4 in connection with Wirecard probe

179
2
Singapore police charge 4 in connection with Wirecard probe

SINGAPORE - Four more people were charged in court on Wednesday August 17 in connection with the investigation of Wirecard, taking the total tally to seven.

Two Singapore subsidiaries of the German company, Wirecard AG, were investigated by the Singapore Police Force's Commercial Affairs Department in the wake of investigations by the Singapore Police Force's Commercial Affairs Department.

Three of the four -- James Aga Wardhana, Chai Ai Lim and See Lee Wee -- were former employees of Wirecard Asia Holding, while Yeo Chiew Hai Henry was a director at Jacobson Fareast Marketing Services.

The four individuals allegedly conspired with Edo Kurniawan, then the vice president of controlling and finance, to dishonestly misappropriate amounts ranging from S $41,200 to S $100,000 from the company.

Edo left Singapore before investigations into the offenses began, and a warrant of arrest has been issued against him in connection with the case, according to the police.

Wardhana, See and Yeo are accused of committing money laundering by allegedly transferring most of the misappropriated amounts to other individuals.

Wardhana was charged with allegedly abetting Yeo to falsify four invoices totalling $184,870 from Jacobson Fareast to Wirecard Asia.

The four people will be charged with criminal breach of trust. They could be jailed for up to 15 years and be liable for a fine for each charge.

Wardhana, See and Yeo have been charged with the Corruption, Drug Trafficking and Other Serious Crimes Confiscation of Benefits Act. If convicted, you could face jail terms of up to 10 years and fines of up to S $500,000 for each charge.

Wardhana and Yeo have been charged with falsification of accounts. If convicted, they could be jailed up to 10 years and be liable for a fine for each charge.