Jail for 2 former Wirecard Asia executives who helped misappropriate funds from the company

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SINGAPORE — In the first Wirecard-related conviction globally and in Singapore, two former employees of Wirecard Asia Chai Ai Lim, 44, and James Aga Wardhana, 39, were sentenced to 10 months and 21 months' jail respectively on Tuesday (June 20).

In the first Wirecard-related conviction globally and in Singapore, two former employees of Wirecard Asia Chai Ai Lim, 44, and James Aga Wardhana, 39, were sentenced to 10 months and 21 months' jail respectively on Tuesday .

Kurniawan left Singapore on Oct 10, 2018, before investigations commenced against him and currently has a warrant of arrest and anSometime in 2018, Kurniawan asked Wardhana to find ways to obtain S$100,000. Around early October 2018, Kurniawan told Chai that he needed to transfer S$100,000 and asked if Wirecard Asia was able to make the transfer.Kurniawan subsequently approached Chai's subordinate Krystal See, who was the controlling manager, and told her that he needed cash urgently, said DPP Ong.

Ms See has since repaid the sum of S$3,440 and a restitution of S$70,000 has been made by Chai to Wirecard Asia on June 13 this year.Between October and December 2018, Jacobson Fareast Marketing Services issued invoices to Wirecard Asia for payment of marketing intelligence reports and comments for Cambodia, Myanmar and Laos.

Kurniawan instructed Wardhana to help Mr Yeo falsify Jacobson's invoices by splitting the payment into two so that each amount would not"look big".

 

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