August 7, 2020

Singapore company director charged over Wirecard scandal

Singapore (AFP) – A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout from the firm’s collapse spreads further around the world.The fintech company filed for insolvency in June after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts did not exist, revelations that stunned Germany and drew comparisons with the Enron accounting scandal.R. Shanmugaratnam, director of a business administration firm in Singapore at the centre of investigations into the case…


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