Duo jailed for helping finance vice-president embezzle funds in first Wirecard conviction

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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.

 

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