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A man who is among the 10 people charged in relation to a multi billion-dollar money laundering case in Singapore is set to plead guilty.
He is the first in the group to make such an indication, with several others stating through their lawyers in previous court mentions that they would likely be claiming trial.
A date for Su Wenqiang to plead guilty was set for April 2, after a pre-trial conference was held in chambers on Thursday.
Authorities have seized more than S$2.8 billion (US$2.1 billion) in assets including gold bars, jewellery, 62 cars and 152 properties. The tally may rise, with many suspects still on the loose.
Massive laundering case reveals dark side of Singapore’s bid to lure super-rich
Su, 33, is listed as Cambodian in charge sheets but his passport states that he is from Fujian, China.
He faces a total of 11 charges, a mix of money-laundering, possessing proceeds from illegal remote gambling offences and lying to get work passes for himself and his wife.
The charges accuse Su of:

Having S$601,706 (US$441,000) that comes at least in part from illegal remote gambling offences


Using S$500,000 in illegal proceeds to buy a Mercedes-Benz AMG C63S in January 2022


Laundering about S$477,000 in illicit proceeds from the Philippines-based illegal remote gambling service by buying luxury bags, jewellery, liquor and paying for rents of luxury houses and condominium units


Lying in an application for an employment pass in February 2022 that he would be employed as a sales director by Fleur Business Service


Conspiring with another person to obtain a work pass for his wife, Su Yanping


According to past court hearings, an investigating officer on Su’s case said he was wanted in China and worked as an executive in a remote lottery business operating from the Philippines and Cambodia.
He has passports from China, Cambodia and Vanuatu and moved his two young children to Singapore with the intention of living here permanently and having them educated here.
He has been remanded for more than six months since his arrest in August last year.
The group of nine men and one woman, mostly originally from China, were caught in an island-wide raid by police.
‘A wake-up call’: Singapore’s US$740 million laundering case exposes loopholes
The broader case revolves around a remote gambling operation based in the Philippines, targeting punters in China.
Some of the suspects were listed in wanted notices in China, but managed to set up shop in Singapore, with some running alleged shell companies from as early as 2019.
Checks of court records show that the other nine accused in the case are still at the pre-trial conference or case management conference stages.
This article was first published by CNA
Additional reporting by Bloomberg


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Singapore

Chinese suspect to plead guilty in Singapore’s multibillion-dollar money-laundering case

A suspect in Singapore’s multibillion dollar money-laundering case is expected to plead guilty. Photo: Shutterstock

Su Wenqiang is accused of laundering almost a million dollars by buying luxury goods, a car and renting upscale condominium flats in Singapore. Photo: bilibili

Singapore files charges against 3 Chinese nationals, 7 others with ‘Chinese passports’ in US$736 million money-laundering crackdown

Singapore police charged 10 people in a massive crime bust worth almost US$736 million. Photo: Shutterstock

Singapore Police seizure. Photo: Singapore Police/Facebook

Assets seized by Singapore Police. Photo: Singapore Police/Facebook

Singapore’s US$1.3 billion money laundering case: what we know so far

Prosecutors have described the massive money laundering case as “one of the most serious, if not the worst” in Singapore’s history. Image: SCMP

Luxury watches seized during a police raid in Singapore last month as part of the money laundering crackdown. Photo: Singapore Police Force via Facebook/Handout via Reuters

A combination picture shows stacks of banknotes seized by Singapore police as part of last month’s island-wide raids. Photo: Singapore Police Force via Facebook/Handout via Reuters

People walk through Singapore’s Central Business District last month. Asia’s ultra-rich have been flocking to the city state in recent years to set up family offices. Photo: Bloomberg

Singapore’s Law and Home Affairs Minister K Shanmugam said the money-laundering crackdown sent “a clear signal that we are a no-nonsense place”. Photo: SCMP

2 Chinese men charged over helping trio enter Singapore’s Taylor Swift concert without tickets

Fans of singer Taylor Swift dance to her music at the National Stadium during a concert in Singapore on March 2. Photo: Reuters

How crypto investigators uncover scammers’ blockchain billions, scale of money laundering in Asia

Minimal regulation of digital currencies have made them the scammers’ avenue of choice for moving high volumes of illicit revenue. Photo: Shutterstock

Crypto analysts say they have found a “meta-organisation” of money laundering that helps various fraudsters move their assets through the blockchain. Photo: Shutterstock

An illustration of bitcoin. Cryptocurrency analysts worry that regulators’ failure to detect and investigate suspicious activity weakens the investment environment. Photo: Reuters

An image of Wang Yicheng is seen on the website of a Thai business association in September 2023. The association says Wang is no longer a member. Photo: Reuters

Singapore arrests Chinese national who allegedly stole US$80,000 from a passenger on a flight from Hong Kong

Singapore has arrested a man who allegedly stole US$80,000 from a passenger on a flight from Hong Kong. Photo: Shutterstock

Cash and various items seized from a man aboard a flight from Hong Kong to Singapore. Photo: Singapore Police Force

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Asia

Southeast Asia

Su Wenqiang is accused of laundering almost a million dollars by buying luxury goods, a car and renting upscale condominium flats in Singapore
Su is among a group of nine men and one woman, mostly originally from China, caught in an island-wide raid by police


Su Wenqiang is among a group of nine men and one women, mostly originally from China, caught in an island-wide raid by police


Crime

Cambodia

Chinese overseas

Scams and swindles

Chinese suspect to plead guilty in Singapore’s multibillion-dollar money-laundering case

Su Wenqiang is accused of laundering almost a million dollars by buying luxury goods, a car and renting upscale condominium flats in Singapore Su is among a group of nine men and one woman, mostly originally from China, caught in an island-wide raid by police

Su Wenqiang is accused of laundering almost a million dollars by buying luxury goods, a car and renting upscale condominium flats in Singapore

Su is among a group of nine men and one woman, mostly originally from China, caught in an island-wide raid by police