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High Court dismisses Singapore firm's bid to release millions to pare Wirecard 'loans'

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The CAD has been conducting a criminal probe into Wirecard's Singapore operations since February 2019.

Singapore

THE High Court has thrown out a bid by a Singapore firm linked to Wirecard to free up 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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