Singapore jails second man in US$2.2 billion money laundering case
- Cypriot national Su Haijin was sentenced to 14 months’ jail and is the second defendant jailed in Singapore’s biggest-ever money laundering probe
- He admitted to one charge of resisting arrest and two money laundering charges
Defendant Su Haijin admitted to one charge of resisting arrest and two money laundering charges, the report said, and was sentenced to 14 months imprisonment.
Su, a Cypriot national, was one of 10 foreigners arrested in Singapore in August last year in simultaneous raids. The assets seized or frozen include cars, luxury properties, cash and jewellery.
What we know so far about Singapore’s US$1.3 billion money laundering case
Su had faced 14 charges that included possessing about S$2.4 million (US$1.78 million) suspected to have been earned from illegal remote gambling, two charges of resisting arrest and three charges of conspiring to use forged financial statements.
The report said those charges would be taken into consideration for his sentencing.
Su had jumped from a second-floor balcony of a bungalow to try to evade arrest, the police said in August last year.
Singapore jails Fujian native in US$2.2 billion money laundering case
His conviction followed that of Cambodian Su Wenqiang, who was sentenced to 13 months in jail for two counts of money laundering on Tuesday. Court cases against the other defendants are ongoing.
The investigation prompted authorities to set up an interministerial panel to review anti-money-laundering measures and inspect financial institutions suspected of involvement.
Government agencies are also reviewing tax incentives for family offices and looking into whether high-value assets such as luxury cars and bags should be subject to regulation.
