School annual functions are always filled with excitement, especially when young children appear on the stage in bright, colourful clothes. During one such event, something unexpected happened and quickly caught everyone's attention. While the children were preparing to begin their dance steps
A 28-year-old man from Maharashtra's Nanded district was arrested on Monday for allegedly killing one of his six-year-old twin daughters to qualify for contesting panchayat elections, The Times of India reported. Under the Maharashtra Panchayat Raj Act
Dhurandhar 2 teaser: Directed by Aditya Dhar, Dhurandhar currently stands as the biggest Hindi film of all time, beating 'Pushpa 2: The Rule'. Dhurandhar 2 teaser: As Adiya Dhar's spy thriller Dhurandhar continues its historic run in theatres
The Indian government has raised a new security warning for Zoom users on the enterprise version of their company's network. The latest alert from the Indian Computer Emergency Response Team or CERT-In on February 2, 2026 talks about a serious command injection issue that can make it easy for
Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales on Monday, saying it has safeguards to prevent government overreach, without mentioning U.S. immigration enforcement efforts in Minnesota that have drawn widespread protests
Indian-origin Singaporean sentenced to 10 years over Wirecard AG fraud
An Indian-origin Singaporean was on Tuesday sentenced to 10 years in jail for involvement in falsification of documents concerning hundreds of millions of dollars by a Singapore-based company linked to Wirecard AG.
Wirecard AG was a German payments company that collapsed in 2020.
A Briton was also given six-and-a-half years in the case.
R Shanmugaratnam, 59, and James Henry O'Sullivan, 51, were each handed jail terms by the State Courts at a sentencing hearing, according to a Channel News Asia report.
Both had been convicted of numerous charges last September following a trial.
Shanmugaratnam, who was given the longer jail sentence, is a director of local accounting firm Citadelle Corporate Services.
O'Sullivan had engaged Citadelle's services to set up companies in Singapore and to provide company secretarial services.
In September, Shanmugaratnam was convicted of 13 charges for falsifying 13 balance confirmation letters between 2016 and 2018 with fraudulent intent.
O'Sullivan was found guilty of five charges for abetting Shanmugaratnam by instigating him to fraudulently issue five of those letters in 2017, according to the report.
Both men had taken instructions from senior Wirecard executives, issuing several false confirmation letters and intentionally misrepresenting to auditors that Wirecard AG had hundreds of millions in Euros held in Citadelle's escrow bank accounts in Singapore, according to media reports.
According to prosecutors, at all material periods mentioned in the letters, Citadelle had not held any money for Wirecard AG.
“The scale of the falsification is unprecedented," said Deputy Public Prosecutors Gordon Oh, Alexandria Shamini Joseph and Louis Ngia.
According to the prosecution, the balances misrepresented in each confirmation letter ranged from 20 million euros (SGD 30 million) to about 327.5 million euros, describing the individual sums alone as "significant".
Wirecard was made insolvent in 2020.
After the sentences were passed, both men told the court through their lawyers that they will be filing appeals against their convictions and sentences.
They also have pending charges related to falsification that have been fixed for pre-trial conferences.
Both men were offered bail pending their appeals, according to the report.
Source: HindustanTimes
Related Posts: Top five expectations of the Indian stock market ICE arrests of Indian nationals doubled in 2025 amid Trump’s immigration crackdown India trashes Pakistan's allegations of Indian hand in disturbing peace in Balochistan Online Indian tutors are teaching AI basics to small business owners Sheikh Hasina sentenced to 10 years in prison in Bangladesh corruption cases Mozilla Firefox Users Issued Critical Security Warning By Indian Govt Sheikh Hasina sentenced to 10 years imprisonment in two corruption cases Sheikh Hasina sentenced to 10 years in jail by Bangladesh court in two corruption cases Why R Madhavan Walked Away From Films For 4 Years 10 Biggest Single-Day Surges In The Last 5 Years
Kapil Dev has expressed disappointment over Pakistan's decision to boycott the India match in the ICC T20 World Cup 2026. Pakistan were scheduled to face India in a Group A clash in Colombo on 15 February. But, its government has not allowed the team to play the match
4 hours ago
As of 9.25 am, Sensex added 2,421 points, or 2.97 per cent, to reach 84,088, and Nifty gained 741 points, or 2.96 per cent to settle at 25,829. Mumbai: The Indian equity markets surged sharply by around 3 per cent early on Tuesday with broad-based buying across sectors
4 hours ago
Arijit Singh announces retirement: A few days back, Arijit shocked his fans and friends by announcing his decision to retire from playback singing on social media. New Delhi: Days after popular singer Arijit Singh announced his retirement from playback singing
4 hours ago
Congress party also questioned Trump's claim of India will move to reduce tariff and non tariff barriers against the United States to ‘zero'. The Congress on Tuesday strongly criticised the Narendra Modi government over the US President Donald Trump's announcement of key aspect of India-US
4 hours ago
Plans to introduce hydrogen-powered trains on the Kalka–Shimla railway line have once again drawn public attention. The scenic hill route, known for its narrow-gauge tracks, was promised a clean and modern alternative years ago. However
4 hours ago
Nagaland Sambad State Lottery Tuesday 03-02-2026 Live Updates: The results of Nagaland State Lottery DEAR GODAVARI MORNING 1 PM, Nagaland DEAR COMET EVENING 6 PM Sambad Result, Nagaland DEAR GOOSE NIGHT 8 PM weekly lottery will be declared today i.e Tuesday, Feb 03, 2026, at 1 PM
4 hours ago
Uganda's history with mountain gorillas is inseparable from its political turmoil. Mountain gorillas (Gorilla beringei beringei) are restricted to Central Africa and number around a thousand individuals. They inhabit dense volcanic, bamboo, and montane forests at elevations of 2,200-4,300 m
4 hours ago
Rudraprayag: The Kedarnath Yatra in Uttarakhand is set to become smoother and safer this year as the old Rambada-Garudachatti walking route reopens after 13 years. This traditional path, which collapsed during the devastating floods of June 2013
4 hours ago
Ehsan Mani has called it ‘double standards' in case Pakistan face sanctions. According to the former ICC chairman, Pakistan are merely following instructions from its government over playing India at the ICC Men's T20 World Cup 2026. Speaking to Sportstar
4 hours ago
KERALA LOTTERY SS 505 RESULT TODAY (03-02-2026) Live: Sthree Sakthi lottery is one of the 7 lucky draw held every week. Each Tuesday at 3 PM, the Kerala Lottery " STHREE SAKTHI" lottery draw is conducted. Every lottery has an alphanumeric code to identify it
4 hours ago
More than a decade after his last onscreen outing, Katti Batti, Imran Khan finally made his comeback with Happy Patel: Khatarnak Jasoos last month. In his words, his cameo as an international supermodel was ‘a tipping of the hat' to Dino Morea and Milind Soman
4 hours ago
Long hours at work, endless screen time, irregular meals, and chronic sleep debt have quietly reshaped the health of young and mid-career adults. Many people in their 20s, 30s, and 40s are finding that weight gain no longer responds to the usual fixes, such as fewer calories, more workouts
4 hours ago
CBSE will conduct CTET 2026 on February 7 and 8 after rising applications led to a two-day exam plan. The test will be held in 140 cities. The Central Board of Secondary Education (CBSE) will conduct the Central Teacher Eligibility Test (CTET) 2026 on February 7 and 8
4 hours ago
World Cancer Day 2026: Cancer is one of the most challenging diseases, affecting millions worldwide and impacting not only the body but also emotional and social life. On 4 February, the world observes World Cancer Day, a global initiative led by the Union for International Cancer Control (UICC) to
4 hours ago
Bitcoin investors liquidated $2.56 billion in recent days, according to data provider CoinGlass, as cryptocurrencies slumped following a sell-off in other risk assets, including equities and precious metals. The wipeouts in both short and long bitcoin positions are far below
4 hours ago
The Supreme Court on Monday sought responses from the Centre and 12 state governments on a petition contending that anti-conversion laws in these states criminalise voluntary and conscience-based religious conversions, The Times of India reported
4 hours ago
The announcements by both U.S. President Donald Trump and Prime Minister Narendra Modi that the U.S. will reduce “reciprocal” tariffs on India from 25% to 18% are a major relief to Indian exporters, and indicate relations between the two countries are on the mend
4 hours ago
DA Hike Update: The final data for determining the calculation of Dearness Allowance and the foundation for determining the DA quantum will be the AICPI Index number for the month of December has come. New Delhi: DA Hike Update: Lakhs of central government employees who have been waiting for the
4 hours ago
GIFT Nifty, earlier known as SGX Nifty, is a futures contract linked to the Nifty 50 and is widely tracked as an early signal of how Indian benchmark indices may open the next day. It is pointing to a sharp gap-up start for Indian markets on Tuesday
4 hours ago
RJ Mahvash recently grabbed attention after she was spotted with actor Mihir Ahuja at a Mumbai event, amid ongoing rumours about her fallout with cricketer Yuzvendra Chahal. On Monday evening, Mahvash attended the event where she made a stylish appearance on the red carpet alongside The Archies
4 hours ago
Google is making it even harder for thieves to break into your Android phones with stronger anti-theft features offered with a new update recently. The company has already added offline device lock and theft detection lock a few years back and now we are seeing further impetus being given to
4 hours ago
OPPO has announced that it will launch the OPPO K14x 5G in India on 10 February 2026. The smartphone will be the latest addition to the company's K Series, which focuses on mid-range devices aimed at everyday users. According to the company, the K Series has grown steadily in India over the years
4 hours ago
Tarot Card Reading Horoscope Today For February 3: Step into the mystical realm as the tarot cards reveal what the universe has in store for you today. Whether you`re seeking clarity in love, career, or personal growth, today`s tarot insights offer powerful guidance tailored to your zodiac sign
4 hours ago
The Supreme Court on Tuesday pulled up Meta Platforms and WhatsApp as it began hearing their appeals against the competition watchdog's penalty and directions, issued over WhatsApp's 2021 privacy policy.A Bench led by Chief Justice Surya Kant is hearing challenges to the National Company Law
4 hours ago
Congress MP KC Venugopal has raised concerns in Lok Sabha regarding the India-US trade deal. He stated the agreement could negatively impact Indian industries and farmers. Venugopal highlighted that details of the deal were not presented to Parliament
4 hours ago
The Delhi government is considering a proposal to construct a new bridge over the Yamuna River near the Signature Bridge or replace the old iron bridge to ease traffic congestion and improve connectivity in the city's eastern parts, officials said
4 hours ago
Time and again, Gen Z employees have shown that they are different from the generations before them. They would not even think twice before standing up for themselves, refusing to work long hours, navigating strict shifts, juggling unrealistic deadlines, and the pressure to always be on their toes
4 hours ago
