Singapore sends businessman to Jail for 12 months in his role in Wirecard fraud

Singaporean businessman Henry Yeo pleaded guilty to three charges – conspiring to commit criminal breach of trust, falsifying invoices and laundering the benefits of criminal conduct. - STRAITS TIMES PHOTO: KELVIN CHNG

SINGAPORE, June 27 (Bloomberg): A Singapore judge handed a 12-month prison term to a businessman for conspiring to misappropriate money in the Wirecard AG scandal.

Henry Yeo, a director at Jacobson Fareast Marketing Services Pte, was convicted after pleading guilty to three charges in a Singapore state court on Tuesday.