Singapore Charges Director in Its First Wirecard-Linked Case
- R. Shanmugaratnam faces four charges of falsifying documents
- Wirecard case continues to reverberate around the world
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Singapore has accused a director of a local accounting firm of falsifying documents, making its first charges in relation to the scandal surrounding disgraced German payments company Wirecard AG.
R. Shanmugaratnam, a director of Citadelle Corporate Services Pte, was charged with “wilfully and with intent to defraud” falsifying letters to Wirecard, stating that the Singapore firm held tens of millions in euros in escrow accounts, according to charge sheets filed last month and seen by Bloomberg News.