The $13 billion money laundering case that shocked the entire island of Singapore has revealed many details in the past two months.
The previous bail applications of the four defendants, Su, Zhang, Lin and Wang, who bought passports from many countries, held huge assets and had families living in Singapore, were again rejected today because the judge considered their risk of absconding to be too high!
At the same time, more details about the cases of several of them were also exposed in the past two days...
The only female defendant said she "had to take care of her daughter" and sought bail
The accused smacked in the face
Lin, the only female defendant involved in this case, also filed an application for bail today!
The reason she gave was that she was going out to take care of her 15-year-old daughter. And she has invested in the local business, and has lived there for five years and hopes to be able to settle in Singapore. And having been questioned as early as June 2022 and returning to Singapore after traveling abroad twice is enough to prove that she has no intention of absconding.
However, after the prosecution's investigation, she lived in the mansion in Sentosa with her lover, and her daughter lived with a maid on Mae Chi Road. Her reasons for applying for bail were clearly exaggerated.
In addition to her daughter, she has a sister who lives in the same building as her daughter, but is not sure whether she lives in the same flat, and she has no relatives in Singapore other than these two relatives.
As for her claim that she "went in and out of Singapore after being questioned", it was because she did not control her personal freedom or freeze her assets at that time. The business is also a pretense, not actually working, just to help her buy a house in Singapore.
She also has $30.7 million worth of assets overseas, with properties in the UK, Philippines and Dubai, accounts and deposits in Hong Kong, Macau and the UK, and 5 passports.
So what she said about not absconding is also moisture! So her bail application was also dismissed.
If the couple defendant is released on bail
It is very likely to abscond
This Lin does not live with his daughter, but lives with her lover Zhang in a mansion in Sentosa, and has always called Zhang her husband.
In addition to $300 million in assets in Singapore, the two also have assets of more than $71.74 million overseas.
Her husband Zhang also opened a "shell company" under the name of "investment officer" to manage his assets.
Most of this Zhang's assets in Singapore are shared with Lin, and he also has more than $41.045 million in assets overseas, including bank deposits in China, shares in Hong Kong banks and equity in the Philippines, as well as 4 passports!
In order to apply for bail, Zhang said that he had lived in Singapore for 4 years and intended to organize a family in Singapore with his girlfriend. But he has only one brother in the area, and the rest of his relatives are scattered in China, the United Arab Emirates and other countries.
If the two of them are released on bail, they are likely to collude to destroy the evidence! Coupled with the fact that his assets in Singapore have been frozen, it is very likely that he will abscond after being released on bail!
From customer service to online fraud leader
Wang asked for bail, saying his relatives were all in Singapore
Wang currently has more than 56 million assets under his name. In addition to buying a $23 million condominium in Singapore, he has two properties in Xiamen worth nearly $1 million and a $2.9 million house in Cyprus. There are also 3 accounts in Hong Kong with a total deposit of $10.47 million!
In addition, according to the affidavit provided to the court, it can be seen that he joined the gambling website in the Philippines as early as 2012, starting from the lowest customer service, and slowly began to contact the promotion, publish online gambling advertisements, and promote their gambling website. In 2016, Chinese police wanted him for illegal gambling.
In addition, although he lives in Singapore with his wife, 3 children and his parents-in-law's family with 3 foreign passports, his wife and 3 children are not Singapore PR, but have Cypriot citizenship, and their parents are not in Singapore.
He also admitted that he left China because he knew in 2016 that he was wanted by the Chinese police, and in order to avoid punishment by the law, he followed the persuasion of his brother-in-law and brother-in-law to live in Singapore.
His lawyer said: "He has no plans to abscond, because he sees the security and high education level of Singapore, and wants his children to receive a better education here, and the family has lived in Singapore for 5 years, has long regarded Singapore as home, and plans to bring his relatives in China to live in Singapore." The will to put down roots here is very strong, so there will be no absconding. ”
But the behavior of a person who was able to flee China with his family has fully demonstrated the extent to which he can evade justice. Especially since his brother-in-law and brother-in-law have absconded and the gambling site he runs was still operational and profitable when he was arrested in August, he is likely to abscond on serious charges if he is released on bail.
It is completely nonsense to say that he wants to move to Singapore with his family, will not abscond, and hopes to be released on bail!
Su said the $17 million property was "clean"
It was previously earned by selling 270 houses as a real estate agent
Then Wang, whose family is all in Singapore, is likely to abscond after being released on bail, but this Su found a very absurd reason to apply for bail!
He claims to be the president of the company and his family is in Singapore, so he will not abscond.
Since he is the president of the company, he must do some relevant cross-examination, but the good guy, as the president of the company, does not know anything. Even the company's financial statements lacked many details, such as the source of funds and assets, and no money was deposited into the company's account this year.
I don't know how many employees, how many suppliers, and customers the company is, and the most outrageous thing is that he doesn't even know where his company is!
This face is really crackling...
In addition, according to the prosecution, Su was involved in illegal gambling and was also a wanted fugitive in China, so he hid more than $550,000 in cash and $17 million in three safes at an institution, and there is reason to suspect that these money are illegal gains.
To this end, Su also fought that his money was earned by selling 270 houses when he was a real estate agent in a real estate company in the Middle East. But there is no evidence that the money was a legitimate commission he received and that he had been employed by a real estate company in the Middle East.
In addition to the assets mentioned above, he has a total of over $231.1 million in assets in Singapore! That's double the amount of assets seized and frozen when he was first caught!
To prove the innocence of the dirty money
Fictional a mysterious friend in Dubai
The more than $17 million in cash mentioned above is alleged to be stolen money from illegal gambling activities, which, according to Su, belonged to one of his mysterious friends in the United Arab Emirates and Dubai.
His mysterious friend also got involved in trading cryptocurrencies. And he said the friend was able to prove that his funds came from formal sources.
But the mysterious friend he said could not be found at all, because he had no way to provide the whereabouts, background and contact information of this person, nor could he say how the other party could prove that the funds involved in the case were legitimate!
After investigation, the prosecution found that there was no evidence at all that the mysterious friend was real.
Another suspect surnamed Su
Bring the "whole village" to Singapore to make a fortune
This is similar to another suspect surnamed Su not long ago, whose lawyer said that although he is not a local, he has made Singapore his home as early as 2017, treating his immediate family and father-in-law's family. It can be said that they "whole villagers" were brought to Singapore to make a fortune. And he also said that for the sake of his family, he would not abscond to become a fugitive.
The final judge said: "Even if he has huge assets in Singapore, he has many assets abroad, he is fully capable of moving to other countries, and he and his family are foreign in Singapore, these factors add up to the fact that Su Haijin said that he will not abscond." ”
summary
There are a lot of new developments that have come out this time, but it comes down to wanting bail, but what they will do after bail is difficult to predict, so that's why the court rejected their bail application.