Former Wirecard director suspected of fraud issued Interpol red notice

EDO Kurniawan, Wirecard Asia Holding’s (WAH) former vice-president of controlling and finance, has been issued an Interpol red notice, the Singapore Police Force (SPF) said on Wednesday (Sep 7).

The latest development comes weeks after a warrant of arrest was issued for Kurniawan, who left Singapore before the probe started on his alleged offences.

This was in connection with the commercial fraud which led to the collapse of the German payment processing company Wirecard.

Four individuals were charged in court on Aug 17 with offences including criminal breach of trust. They are accused of conspiring with Kurniawan to misappropriate various amounts of between S$41,200 to S$100,000 from WAH between May and December 2018.

Of these 4 individuals, 3 are former employees of the scandal-hit German payments company – James Aga Wardhana, Chai Ai Lim and See Lee Wee. The last individual is Henry Yeo Chiew Hai, a director of another Singapore company Jacobson Fareast Marketing Services (JFMS).

Wardhana, See and Yeo have also been accused of committing money laundering by allegedly transferring most of the appropriated amounts to other individuals. Wardhana was also charged for allegedly abetting Yeo to falsify 4 invoices totalling S$184,870 from JFMS to WAH. Yeo was also charged in respect of these invoices.