Wirecard funds supposedly held in trust by Citadelle with OCBC confirmed to be just a fraction of initial claims

Singapore

AS WIRECARD'S insolvency administrator seeks to unravel the mischief done at the payments group, details about the extent of the fraud are coming to light, including the roles of Singapore-based players.

In November, detailed bank records surfaced after Wirecard's insolvency administrator Michael Jaffe managed to obtain leave from the Singapore High Court to use these records in his insolvency case.