Due to his offences, the company lost $123,070
SINGAPORE: Henry Yeo, 67, was convicted on June 27 of criminal breach of trust and other offences in relation to the scandal involving German fintech company Wirecard. He was given a 12-month jail sentence.
Yeo, the managing director of Jacobson Fareast Marketing Services Pte Ltd, admitted that in Dec 2018, he conspired with three employees of Wirecard Asia— Edo Kurniawan, ames Aga Wardhana and Chai Ai Lim—to misappropriate $81,870 from the firm, the police said in a June 27 pressThe funds were transferred illegally from Wirecard Asia’s CIMB account to Jacobson’s DBS account.
“This included an invoice for a sum of $62,300, purportedly for ‘costs and charges of interim marketing intelligence reports’, when Yeo knew that these reports were not provided to Wirecard Asia,” the police statement reads.
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