A 59-year-old Indian-origin Singaporean, R Shanmugaratnam, was sentenced to 10 years in prison for falsifying documents to show that Wirecard AG held hundreds of millions of euros in escrow accounts, misleading auditors. A 51-year-old British national received a six-and-a-half-year sentence for aiding the fraud. Both convictions relate to the Wirecard accounting scandal and are being appealed.