Wirecard Singapore Latest News. According to CNA news outlet, both men had Investing. com. R Wi
According to CNA news outlet, both men had Investing. com. R Wirecard Scandal: Singapore Court Sentences Key Figures R Shanmugaratnam and James Henry O'Sullivan were sentenced for their involvement in a fraud linked to Wirecard AG. Read more at straitstimes. Latest News Singapore jails businessmen over Wirecard fraud Japan stocks hit record highs on Venezuela oil outlook Swiss bar had no safety checks since 2019, mayor says Why Uzbek migrant In addition to other unsecured loans that were made without full risk assessments and business checks, Wirecard gave a €100mn loan to a The lawyer worked for the Wirecard legal department in Singapore, where he came across suspect trading. A Singapore court sentenced two businessmen to lengthy jail terms on Tuesday for falsifying documents that tricked auditors into believing payments firm Wirecard had hundreds of A Singapore court has sentenced two businessmen to lengthy prison terms for falsifying documents that misled auditors into believing collapsed payments firm Wirecard held hundreds of Singapore's financial regulator has fined four companies over breaches related to the Wirecard scandal. 1 billion euros in escrow for Wirecard AG, a “In view of recent developments in Wirecard AG, the Monetary Authority of Singapore and the Accounting and Corporate Regulatory Authority are collaborating with [the police’s . The director of local company Citadelle misrepresented that the company held sums totalling over 1. A Singapore court has sentenced two men to prison time for falsifying accounts linked to more than €1 billion purportedly held in escrow for failed German payments outfit Wirecard and Singapore has handed down prison sentences to two former senior Wirecard finance executives, the first criminal convictions related to the collapse Singapore has slapped three banks and an insurer with fines for anti-money laundering breaches connected with the Wirecard scandal. Two businessmen were handed the longest prison sentences to date connected to the collapse of Wirecard, one of Europe’s biggest accounting frauds, by a Singapore judge on On 6 January 2026, R Shanmugaratnam (“Shanmugaratnam”), a 59-year-old Singaporean, and James Henry O’Sullivan (“O’Sullivan”), a 51-year-old British national, were sentenced in court to Investing. The penalties total S$3. 8m; SINGAPORE: Two men were convicted on Monday (Sep 22) over the falsification of documents involving hundreds of millions of dollars by a Singapore’s financial watchdog has fined financial institutions including DBS and Citigroup over breaches related to the Wirecard scandal, one Wirecard’s clients included German grocery discount stores like Lindl, and also some less well-known shady businesses such as online THE BUSINESS TIMES Wirecard - Find Wirecard News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 8m; Key features explained President Aliyev approves Azerbaijan–Jordan cooperation program Chealse confirm Liam Rosenior as new head coach Singapore jails businessmen over Wirecard The latest trial in Singapore centres around a series of falsified letters that helped persuade Wirecard’s auditors at EY that the company had extensive The Monetary Authority of Singapore, the country’s de facto central bank, said on Wednesday that it directed Wirecard entities in Singapore to A Singapore court sentenced two businessmen to lengthy jail terms on Tuesday for falsifying documents that tricked auditors into believing payments firm Wirecard had hundreds of Singapore has handed down prison sentences to two former senior Wirecard finance executives, the first criminal convictions related to the collapse of the once high-flying German O’Sullivan, who had used Citadelle’s services to establish Singapore companies, was found guilty on five charges of abetting Shanmugaratnam. A Singaporean and a Briton were jailed in Singapore for falsification of accounts linked to the collapsed German payments company Wirecard. R AsiaOne Singapore News - Read the latest Singapore breaking news, opinions, politics, weather, traffic, and more up-to-date Singapore news at AsiaOne January 27, 2023 - Singapore played a pivotal role that enabled Financial Times to expose Germany’s biggest accounting scandal involving Wirecard, a German The latest breaking news, comment and features from The Independent. The two-year case is the highest-profile of several prosecutions in Singapore linked to Wirecard, which had an outpost in the city-state. German payments processor has battled allegations of fraud, forgery and opaque business links. com -- A Singapore court has sentenced two businessmen to jail for falsifying documents that deceived auditors about Wirecard’s finances, according to local media reports. He reported his suspicions to Wirecard A Singapore court on Tuesday handed two former employees of Wirecard Asia prison terms for their role in the widespread fraud and Singapore's financial regulator has fined four companies over breaches related to the Wirecard scandal. The allegedly falsified letters state that an accounting firm in Singapore held sums of up to €328 million in escrow accounts for Wirecard AG Investing. 8m ($2.