SINGAPORE: Two men linked to collapsed German payments firm Wirecard AG claimed trial in Singapore on Monday to charges of falsifying documents related to millions held in escrow accounts.
Shanmugaratnam is the director and sole shareholder of Citadelle Corporate Services, a local company providing accounting and auditing services. He was in charge of the company's operations and was its signatory, with access its OCBC bank accounts.in 2010 - six years before the alleged offences - when the latter engaged Citadelle to set up companies in Singapore.
Shanmugaratnam's charges are for falsifying letters from Citadelle to various parties, including Wirecard AG and its subsidiaries as well as auditors in Germany and Ireland.
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