SINGAPORE - Two local companies are being investigated in relation to the Wirecard scandal.. Read more at straitstimes.com.
Citadelle Corporate Services and Senjo Group and its subsidiaries are under suspicion of falsifying accounts and carrying on a trust business without a licence, said the Commercial Affairs Department and the Monetary Authority of Singapore on Friday .
"The review surfaced reasons to suspect that offences may have been committed," said the authorities. CAD, which deals with white-collar crime, began investigations into Wirecard's Singapore operations in February 2019. It also raided Wirecard's local offices at Mapletree Business City after fraud allegations.
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