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First person in Singapore charged over Wirecard scandal

An officer at Citadelle Corporate Services has been accused of falsifying letters to Wirecard UK & Ireland Ltd

Once touted as Germany's fintech star, Wirecard collapsed in June, after a probe into 1.9 billion euros in its books that went missing. German prosecutors arrested three former top executives of the company on July 22.


IN THE first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R. Shanmugaratnam has been slapped with four charges of falsifying letters that stated bogus balances held in his company's accounts.

The 54-year-old...

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