SINGAPORE: A British national linked to a case involving collapsed German payments firm Wirecard was on Thursday given two additional counts of allegedly abetting to falsify documents, said the Singapore Police Force .
In September last year, O'Sullivan had been handed five charges of abetting Shanmugaratnam in the falsification of documents.He was alleged to have failed to use reasonable diligence in the discharge of the duties of his office, by signing letters confirming that Strategic held certain sums of money under escrow in its bank account, without ascertaining whether the contents in these letters were true, said the police.
For breaching the duties of a director under Section 157 of the Companies Act, Thilagaratnam faces a fine of up to S$5,000, or up to one year in prison. Shanmugaratnam has been charged with 14 counts of falsification of documents for allegedly issuing 14 letters from Citadelle to Wirecard, its subsidiaries and an audit firm.
Singapore Latest News, Singapore Headlines
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