First suspect convicted in Singapore's $3-billion money laundering case gets 13 months' jail
The first suspect has been convicted in Singapore's largest money laundering case. Su Wenqiang, 32, has been sentenced to 13 months' jail. The Cambodian national, whose passport states he is from Fujian in China, is the first to plead guilty among a group of 10. The police had seized about $6 million in cash, vehicles, jewellery, and other luxury items from Su. He had purchased the misbegotten gains using proceeds from illegal remote gambling offences. With nearly $3 billion in assets seized, this money laundering case is also one of the world's largest. Sherlyn Seah reports.
The first suspect has been convicted in Singapore's largest money laundering case. Su Wenqiang, 32, has been sentenced to 13 months' jail. The Cambodian national, whose passport states he is from Fujian in China, is the first to plead guilty among a group of 10. The police had seized about $6 million in cash, vehicles, jewellery, and other luxury items from Su. He had purchased the misbegotten gains using proceeds from illegal remote gambling offences. With nearly $3 billion in assets seized, this money laundering case is also one of the world's largest. Sherlyn Seah reports.
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