He agreed to help launder the money in exchange for 3 per cent commission.
SINGAPORE: In exchange for"commissions", a company director agreed to help receive money transfers from Wirecard Asia and to issue fake invoices to legitimise the flow of funds.a scheme fronted by a vice-president at Wirecard AsiaHenry Yeo Chiew Hai, 67, was sentenced to a year's jail on Tuesday . He pleaded guilty to three charges of conspiring to commit criminal breach of trust, falsifying an invoice and transferring criminal proceeds.
Edo contacted Yeo for the first time on Oct 6, 2018 for a discussion. After this, he arranged for his subordinate and international finance process manager at Wirecard Asia, James Aga Wardhana, to transfer S$41,200 from Wirecard Asia's account to the bank account of Yeo's company. Using templates from Wardhana for"marketing and intelligence reports" services, Yeo prepared four fake invoices from his company to Wirecard Asia.
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