Singapore – Confusion surrounds the whereabouts of Edo Kurniawan, the Asia director of a German fintech firm, several weeks after allegations that the company had been engaging in the falsification of accounts.
He was also accused of money laundering in a report by the Financial Times.
The whereabouts of Kurniawan, a senior accounting executive at Wirecard’s Singapore office, has been called into question after the company repeatedly told investigating authorities that he has been uncontactable since Feb. 9, according to court documents.
However, the firm later informed investors and media via email that he was still reachable, according to a local daily, The Straits Times.
Raids conducted by Singapore police on Wirecard’s Asian headquarters in Singapore failed to access Kurniawan’s e-mail records after Wirecard officials said they lacked the password on account of his absence.
Wirecard has been embroiled in an international investigation over the handling of its accounts after the Financial Times broke news in February that the company had engaged in “round-tripping,’’.
The “round-tripping,’’ is a scheme that involved moving money around its Asia-Pacific subsidiaries in order to pad the books.
Wirecard has maintained that investigations carried out by its internal compliance team and by Singapore law firm Rajah and Tann, which was commissioned as an independent investigator, have not “made any conclusive findings of any misconduct of any officer or employee.’’
Singapore police authorities declined to comment on the matter, citing the ongoing investigation.