Indian-Origin Man Jailed As Director Of Company Involved In Wirecard Money
NDTV
Thilagaratnam Rajaratnam agreed to be a director of a firm called Strategic Corporate Investments for SGD500 a month, and without getting involved with its dealings, reported The Straits Times.
A 60-year-old Indian-origin Singaporean man was sentenced to four week in jail on Wednesday for failing to exercise diligence in his duty as a director of a company which received more than Euro 54 million (SGD78 million) from Germany's Wirecard AG between December 2014 and September 2015.
Thilagaratnam Rajaratnam agreed to be a director of a firm called Strategic Corporate Investments for SGD500 a month, and without getting involved with its dealings, reported The Straits Times.
Wirecard AG, a payment processing company, had filed for insolvency in Germany in June 2020 after admitting Euro1.9 billion in cash was missing from its accounts.
