The criminal convictions are the first related to the massive fraud at the payments firm. In April, EY’s German business was banned for two years from accepting major new audit mandates after it failed to uncover fraud at Wirecard AG.
Two ex-employees of Wirecard Asia Holdings Pte were handed prison terms in Singapore for their roles in conspiring to misappropriate money.
James Aga Wardhana was sentenced to 21 months in jail and Chai Ai Lim to 10 months by a Singapore state court on Tuesday. The two former finance executives were active participants and “not merely the proverbial arms and legs of the scheme,” deputy public prosecutor Vincent Ong said.
