The latest development of Singapore's 3 billion money laundering case, in addition to the sentenced Su Wenqiang, Su Haijin and Wang Baosen, three more people have recently expressed their intention to plead guilty, they are Zhang Ruijin, Su Baolin and Wang Shuiming.
Zhang Ruijin
The 45-year-old, a Chinese national, faces three counts of forgery of documents and today (26 April) faces four more charges of contravention of the Corruption, Drug Trafficking and Serious Crime (Confiscation of Profits) Act and one count of using forged documents.
He and Lin Baoying, the only female suspect in the money laundering case, are boyfriends and friends, and they have a total of nine passports, including a St. Kitts and Nevis passport, and two Chinese passports. His assets include four properties worth 27.08 million yuan, four cars worth about 5.42 million yuan, cash worth about 14.616 million yuan, deposits of about 60.48 million yuan in 13 bank accounts, and cryptocurrencies worth about 2.217 million yuan, and Zhang Ruijin will plead guilty and sentence on April 30.
Su Baolin
The 42-year-old, a Cambodian national, faces 13 charges of forging documents, violating the Oaths and Declarations Act, violating the Corruption, Drug Trafficking and Serious Crime (Confiscation of Benefits) Act, and refusing to sign a police statement. He was also charged with violating the Act on the Employment of Alien Manpower.
So bought a sea-view bungalow in Sentosa worth more than $20 million, but was arrested before he could demolish it and plan to rebuild it. He was sued by the bank for defaulting on his mortgage, and the court allowed the bank to sell his property to pay off the debt, and Su Baolin will plead guilty and be sentenced on April 29.
Wang Shuiming
The 43-year-old, a Turkish national, is the suspect facing the most charges in this case, with 22 charges, including falsifying documents to defraud banks, providing illegal lending services in China, and contravening the Corruption, Drug Trafficking and Serious Crime (Confiscation of Benefits) Act.
He and his wife have seized and frozen at least 240 million yuan in assets, including 15 properties, three luxury cars and cryptocurrency, and he also has more than 35.5 million yuan worth of assets overseas. He applied for bail several times during the trial, but was denied. He is also wanted by Chinese police for illegal gambling activities, and Wang Shuiming will plead guilty and be sentenced on May 14.
Defendants who have pleaded guilty and have been sentenced
Previously, three people have pleaded guilty and been sentenced: Su Wenqiang, Su Haijin and Wang Baosen.
So faced 11 charges, pleading guilty to contravening the Corruption, Drug Trafficking and Serious Crime (Forfeiture of Benefits) Act, while the remaining nine charges were taken into account by the judge. The assets involved in the case totaled about S$5,971,638 and ¥1,247,000, all of which were confiscated, and Su was sentenced to 13 months in prison.
Su Haijin faced 14 charges and pleaded guilty to two of them, including resisting arrest and illegally obtaining more than $4,058,728 in stolen money through remote gambling, contraventing the Corruption, Drug Trafficking and Serious Crime (Forfeiture of Benefits) Act. The total value of his assets seized was about $170 million, of which more than 90% were confiscated after the sentence was handed down, and Su Haijin was sentenced to 14 months in prison.
Wong pleaded guilty to two of the eight charges and the remainder were considered by the judge for judgment. The assets involved in the case were worth more than 8 million yuan, all of which were confiscated, and Wang Baosen was sentenced to 13 months in prison.
In this largest money laundering case in Singapore's history, six members of the 10-member gang have so far pleaded guilty, and those who have not yet pleaded guilty are Lim Po Ying, Su Yongcan, Su Jianfeng and Chen Qingyuan.