Two former employees of Wirecard Asia Holdings Pte were handed prison terms in Singapore for their roles in conspiring to misappropriate money.
James Aga Wardhana was sentenced to 21 months and Chai Ai Lim 10 months by a Singapore state court on Tuesday. The duo were among four individuals charged by the police in 2022 for allegedly conspiring with Edo Kurniawan, then Vice President of Controlling & Finance of Wirecard Asia.
Wirecard AG filed for bankruptcy in 2020 after acknowledging that 1.9 billion euros ($2 billion) it had listed as assets probably didn’t exist. The German firm’s units that operated in Singapore had been asked to cease their payment activities back in 2020.
