Singapore Police Bring First Charges Linked to Wirecard

“Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG WDI -3.16% , the one-time German technology star that collapsed at the end of June after admitting more than $2 billion of cash on its balance sheet was fake. The city-state’s white collar crime division charged R. Shanmugaratnam, a director and owner of Citadelle Corporate Services Pte Ltd., with falsifying papers that showed more than €100 million ($118 million) in three separate escrow accounts held on behalf of Wirecard, according to charge sheets reviewed by The Wall Street Journal.”

Singapore Police Bring First Charges Linked to Wirecard
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