SINGAPORE: Singapore authorities have added two additional charges against the director of a local accounting firm in relation to the case tied to disgraced German payments company Wirecard AG.
R. Shanmugaratnam, a director of Citadelle Corporate Services Pte Ltd, was charged with “wilfully and with intent to defraud” falsifying letters to Wirecard UK & Ireland, and Cardsystems Middle East FZ LLC, that the Singapore firm held tens of millions in euros in escrow accounts, according to charge sheets filed on Wednesday and seen by Bloomberg News.