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Singapore
 

Man jailed two years for money-laundering offences

Published on Aug 6, 2014 3:11 PM
 
A 50-year-old man who  helped to launder stolen funds after befriending a "woman" on an online dating website, was  jailed for two years on Wednesday. -- ST GRAPHICS

SINGAPORE - A 50-year-old man who helped to launder stolen funds after befriending a "woman" on an online dating website, was jailed for two years on Wednesday.

Chua Kok Hin, a former assistant project manager of a private company, had received stolen money amounting to almost $500,000 and moved them out of Singapore.

Chua, who faced 17 charges, admitted to five counts under the Penal Code and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.

The total amount he received for all the charges was $473,040. He kept $7,040 which he later surrendered to the Commercial Affairs Department.

 
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