The alleged mastermind, vice-president of controlling and international finance at Wirecard Asia Edo Kurniawan, escaped Singapore and a red Interpol notice was issued against him.
SINGAPORE: Two former employees of Wirecard Asia were jailed on Tuesday for helping their superior embezzle funds from the subsidiary of the German-registered international payment services company.
Indonesian citizen and Singapore permanent resident James Aga Wardhana, 39, was handed 21 months' jail in a separate case. He told Chai in early October 2018 that he needed to transfer S$100,000 and asked her if Wirecard Asia had the available funds. Chai told him there were. She withdrew another S$3,310, which she passed to Edo, and spent the remainder of about S$3,440 on her own expenses.
Wardhana tried to ask what the money was for, but Edo would not say. Wardhana then said he did not have any means to get the money. Edo arranged for the money to be transferred to Wardhana. Before Wardhana had received the money, Edo asked him to withdraw S$100,000 from his personal bank account and pass it to a person.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Green Pulse Podcast: Banking on change - unlocking Asia’s green transitionThe Asian Development Bank is trying to bring green power to the people while curbing climate risks. It’s a huge challenge. Read more at straitstimes.com.
Read more »
Israel to build fibre-optic link between Europe and AsiaJERUSALEM : Israel will build a 254 kilometer (158 mile) fibre-optic cable between the Mediterranean and Red Sea, creating a continuous link between Europe, the Gulf countries and Asia, the Finance Ministry said on Sunday.State-owned energy group EAPC will build the cable along the route of an oil pipelin
Read more »
Bankers see stable interest rates reviving Asia's capital markets in second halfSYDNEY/SINGAPORE : Asia's dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in the region's equity capital markets, after volumes in the first half of the year sank to their lowest in four years.First-half Asia Pacific equity capital markets vo
Read more »
Asia shares fall on China's modest rate cutHONG KONG : Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing.China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tu
Read more »
Commentary: If the 21st century is to be Asia’s century, more attention must be paid to rural communitiesIf more isn’t done to alleviate rural hardships in Asia, they will eventually perpetuate overburdened cities, youth unemployment and urban poverty, says Seoul National University’s Edo Andriesse.
Read more »
Six workers taken to hospital after ruptured pipe scalds them with hot waterMOM has instructed ExxonMobil Asia Pacific to stop all maintenance works relating to similar furnace equipment. Read more at straitstimes.com.
Read more »