Singapore Money Laundering Case Spreads To 27 People – Media

Editorial Staff 7 June 2024

Singapore Money Laundering Case Spreads To 27 People – Media

The largest money laundering case in Singapore's history continues to bring up new twists, as with reports that 17 people have been questioned, in addition to those appearing in court.

A media report about the multi-billion money laundering case in Singapore says it covers 27 people, and not only the 10 persons brought to court on various charges.

The Straits Times newspaper, quoting police, said 17 people are being questioned over the S$3 billion ($2.22 billion) saga.

The police added that they will maintain the prohibition against disposal and custody of seized assets until the assets are dealt with by the court at the conclusion of the case.

Of the 10 foreigners arrested in a series of raids on 15 August last year, eight have been convicted and sentenced to between 13 and 15 months’ jail each. Two others – Su Jianfeng and Wang Dehai – are expected to plead guilty this week, the ST said. 

Based on court documents and affidavits, the 10 foreigners arrested had accounted for more than $900 million in cash and assets seized or forfeited to the state, the ST reported.

A week ago, Cambodian national Chen Qingyuan, 34, who is wanted in China for fraud, was jailed on 23 May for 15 months over his involvement in Singapore’s largest money laundering case.

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