$3b money laundering case: Accused Su Jianfeng handed 6 new forgery charges; faces 12 charges in all
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The 36-year-old Vanuatu national now faces 12 charges in total.
ST ILLUSTRATION: CEL GULAPA
SINGAPORE – Money laundering accused Su Jianfeng was on May 16 handed six new charges of forgery for the purpose of cheating, nine months after his arrest in August 2023
The 36-year-old Vanuatu national now faces 12 charges in total in the case involving more than $3 billion in assets.
According to court documents, Su submitted a number of property sales contracts to two banks, knowing they were false. This was allegedly done to deceive the banks into believing he had legitimate sources of wealth.
Two of the contracts were for the sale of DC The Grand Property Number 5101 and Property Number 3009 to one Li Bao. Su submitted them on or around Sept 30, 2022, to Maybank Singapore.
A third contract was for the sale of Residences_E2 Property Number 2302 to a Lin Zhenghu. It was given to Maybank on or around March 17, 2021.
Su claimed deposits of $1,029,970 and $969,970 made by a firm named Tuo Xin You were proceeds from the sale of the property.
A fourth contract was for Address Boulevard Property Number 3101, which was purportedly sold to a Wong Hiuluen.
Su allegedly submitted the document to OCBC Bank on or around Jan 5, 2021.
A fifth contract was for the sale of Emaar Square Bldg 2 Property Number 408 to a Zhou Weihong.
The document was handed to OCBC on or around July 7, 2021.
Su claimed a deposit of $2,999,980 made by Wecord Rich Trading Company was from the sale of the property.
Details of the properties were not mentioned in court documents, but Su previously told investigators that he made his money by working as a property agent in Dubai.
The court heard that Su also submitted two loan agreements to OCBC on or around Nov 26, 2020, that he allegedly knew were forged.
One was purportedly for a loan of $2 million between him and a company, Sheng Big, and another was for a $2.5 million loan between him and another company, Sheng Yu.
According to court documents, he submitted the documents to deceive the bank into believing that various deposits from the two companies were delivered under loan agreements with them.
Su was first handed four charges in August 2023, for allegedly possessing illegal proceeds from unlawful remote gambling.
The authorities found $17 million in three safe deposit boxes and $550,903 in cash after he was arrested at a good class bungalow in Third Avenue near Bukit Timah.
He was then handed two forgery charges in February.
This was purportedly done to deceive the banks into believing that one Chen Qiuyan had legitimate sources of wealth.
Chen was identified in a Ministry of Law notice sent out in August 2023 to dealers of precious metals and stones, to flag for suspicious transactions.
The Straits Times reported in September 2023 that Chen’s registered address is a unit at 8 Saint Thomas, a condominium in River Valley.
Business records show Su shared the same address.
