The FT report said most of the new loans extended in early 2020 went to oCap, with the firm reportedly having a total debt to Wirecard of 230 million euros (S$367 million).
PHOTO: REUTERS
A SINGAPORE firm linked to Wirecard tried compelling Singapore authorities to release millions of seized funds every month, claiming that these were to repay "loans" from the scandal-tainted fintech, and expenses such as "accounting services".
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