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 .
Wardhana is an Indonesian who was employed as the international finance process manager who was responsible for setting up standard operating procedures for the finance department in Wirecard Asia. Both reported to Kurniawan. When this was approved, a S$100,000 transfer was made to Wardhana's personal bank account. He withdrew the money as instructed by Kurniawan and passed the money to another man.
She also withdrew cash totaling S$3,310 through four separate transactions and passed the cash to Kurniawan. She kept the remaining S$3,440 and spent it on her personal expenses.As a result of the loan approved by Chai, Wirecard Asia suffered a loss of S$88,200. On Dec 20, Kurniawan and Wardhana had a discussion about an upcoming payment of S$81,370 from Wirecard Asia to Jacobson that would comprise a three per cent commission for Mr Yeo and S$79,000 that would be returned.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Airlines refutes Indian press' report that SIA is increasing stake in Air India - Singapore NewsThe report by Indian newspaper Mint suggested that Singapore Airlines sought to expand its influence in Air India and elevate the airline's status as a leading full-service carrier in India
Read more »
Jail for 2 Wirecard Asia ex-employees for offences including criminal breach of trustJames Aga Wardhana and Chai Ai Lim had taken instructions from Edo Kurniawan who is still at large. Read more at straitstimes.com.
Read more »
Jail for 2 former Wirecard Asia executives who helped misappropriate funds from the companySINGAPORE — 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).
Read more »
Southeast Asia, private equity deals seen underpinning Asia M&A in tough marketHONG KONG : Dealmaking in Southeast Asia and private equity transactions should help lift Asian mergers and acquisitions (M&A) activity in the second half of the year, bankers said, after deals volume in the first half slumped to the lowest in a decade.Total Asia M&A value for January through June dropped
Read more »
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.
Read more »
Sora Ma shares tips on how to improve proper posture, netizens are thankful - Singapore News“Understand your body and be the master of your body,” she said.
Read more »