Singaporean director in Wirecard case handed three more fraud charges

Wirecard filed for bankruptcy in June after acknowledging that 1.9 billion euros it had listed as assets didn't exist. - Reuters

SINGAPORE (Bloomberg): The Singapore authorities added three further fraud charges against the director of a local accounting firm in a case linked to disgraced German payments company Wirecard.

R. Shanmugaratnam, a director of Citadelle Corporate Services, was charged with three counts of falsifying letters from Citadelle erroneously representing that the Singapore accounting firm held certain amounts of cash in escrow accounts.