Explainer | Singapore’s US$1.3 billion money laundering case: what we know so far
- Prosecutors say it’s one of the ‘most serious, if not the worst’ money-laundering cases in Singapore’s history – and more details could yet emerge
- Read on for the latest on the suspects, the effect of the scandal on the city state’s reputation, and what the government has to say about it all

Singapore’s US$1.3 billion money laundering scandal is the talk of the Asian financial world, and it could further balloon to involve more suspects and assets, going by the latest comments from prosecutors and officials.

So far, 10 foreign nationals aged between 31 and 44 have been arrested, charged and remain in custody amid ongoing investigations.
All 10 are of mainland Chinese origin, from the eastern province of Fujian, but hold various foreign passports. They are alleged to have ties with organised crime.
Here are the key things you need to know about what prosecutors say is “one of the most serious, if not the worst, money-laundering case in Singapore”.
Suspects and their seized assets
Of the 10 suspects, three are current Chinese nationals: a 44-year-old man named Zhang Ruijin, a 43-year-old woman named Lin Baoying and a 31-year-old man named Wang Baosen.