Court throws out Wirecard's case against Singapore police

Wirecard's Singapore offices were raided last month. The firm claimed some of the evidence obtained from it went beyond the allegations being investigated.
Wirecard's Singapore offices were raided last month. The firm claimed some of the evidence obtained from it went beyond the allegations being investigated.PHOTO: REUTERS

Motions filed by Wirecard baseless and fundamentally wrong, state prosecutors argue

The High Court has thrown out a case lodged by beleaguered payment giant Wirecard that sought to limit the scope of police investigation here amid an ongoing international probe into fraud allegations.

Wirecard, whose Singapore offices were raided by Commercial Affairs Department (CAD) officers last month, called the wide-ranging probe "a fishing expedition". It claimed that some of the evidence obtained from it, such as e-mails and accounting records, went beyond the allegations being investigated.

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A version of this article appeared in the print edition of The Straits Times on March 12, 2019, with the headline 'Court throws out payment firm's case against S'pore police'. Print Edition | Subscribe