TWO Wirecard executives have been given criminal convictions in Singapore's prosecution of the German payments company.

James Aga Wardhana and Chai Ai Lim were given 21 and 10 months respectively for conspiring to misappropriate funds, according to reports.

Wirecard's staggering collapse occurred in June 2020 when it was revealed that half its £2bn revenue did not in fact exist.

It was once viewed as a highly successful startup worth £24bn.

Former director Edo Kurniawan is missing - a warrant is out for his arrest.

The trial is expected to end in 2024.

(c) 2023 City A.M., source Newspaper