Singapore Police Probing Report Of Fraud By Germany’s Wirecard

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Singapore police said Monday they are looking into a report of alleged forgery by German digital payments firm Wirecard in its Asian operations, including in the city state.

The Financial Times newspaper reported last week it had seen documents from lawyers commissioned by Wirecard, showing they had found evidence of “serious offences of forgery and/or of falsification of accounts/documents” at the group’s Singapore office.

“There are reasons to suspect that they may have been carried out to conceal other misdeeds, such as cheating, criminal breach of trust, corruption and/or money laundering,” the document seen by the FT said.

In an emailed statement to AFP Monday, a spokesperson for the Singapore Police Force said police were “looking into the matter.”

Read the original article here: scmp.com


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In : Forgery, Fraud
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