Singapore files charges against 3 Chinese nationals, 7 others with ‘Chinese passports’ in US$736 million money-laundering crackdown
- All 10 of the individuals arrested were found in possession of foreign passports ‘believed to be issued’ by China
- Singapore police seized assets including Good Class Bungalows, 250 luxury watches and bags, and 120 electronic devices such as computers and mobile phones
Singapore has filed charges against 10 people – three Chinese nationals and seven other foreigners with purported Chinese passports – in a major money-laundering crackdown, with nearly S$1 billion (US$736 million) worth of prime properties, luxury cars and other valuables seized as part of the probe.
The 10 people were charged in court late on Wednesday after their arrest in a nationwide police raid a day earlier.
The properties seized include Good Class Bungalows – the peak of luxury housing in the compact island republic and which can cost tens of millions of dollars. They can be owned only by Singapore citizens.
The three Chinese nationals arrested were 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.
Of the remaining seven, Su Haijin, 40, and Wang Dehai, 34, were Cypriot nationals. Su Baolin, 41, Chen Qingyuan, 33, and Su Wenqiang, 31, were Cambodian nationals, while Vang Shuiming, 42, was a Turkish national and Su Jianfeng, 35, a Ni-Vanuatu national. All of these individuals, aged between 31 and 44 years old, were found in possession of passports “believed to be issued” by China.
