$3b money laundering probe widens: 17 other foreigners linked to bulk of cash, assets seized
Sign up now: Get ST's newsletters delivered to your inbox
The police will maintain the prohibition against disposal and custody of the seized assets until the assets are dealt with by the court at the conclusion of the case.
PHOTOS: ST FILE, SINGAPORE POLICE FORCE
Follow topic:
SINGAPORE - The $3 billion in cash and assets seized or issued with prohibition of disposal orders in Singapore’s largest money laundering case belonged to 27 individuals, and not just the 10 hauled to court on various charges.
In response to queries from The Straits Times, the police on June 5 said 17 other individuals are under investigation in relation to the case.
The police added that they will maintain the prohibition against disposal and custody of seized assets until the assets are dealt with by the court at the conclusion of the case.
Of the 10 foreigners arrested in a series of raids
Two others – Su Jianfeng and Wang Dehai – are expected to plead guilty this week.
Based on court documents and affidavits, the 10 foreigners arrested had accounted for more than $900 million in cash and assets seized or forfeited to the state.
This means the 17 other individuals are linked to around $2.1 billion in cash and assets.
ST understands the suspects who fled the country amid the probe include Su Shuiming, 39, and Su Shuijun, 37.
More than $530 million in cash and assets, including 28 properties, were seized from both men
The other suspects are Su Yongcan, 33, and Wang Huoqiang, 29, who had Interpol Red Notices issued against them for money laundering offences,
ST reported in December 2023 that Su Binghai left Singapore abruptly
Su Binghai had business dealings both here and in Hong Kong with Wang Dehai, who faces money laundering charges and charges under the Employment of Foreign Manpower Act.
He is expected to plead guilty on June 7.
Su Binghai and Su Fuxiang are shareholders of New Future Holdings, the firm that nominated Wang Dehai for his membership to Sentosa Golf Club.
ST understands Wang Bingang, who made millions as the founder of the Hongli gambling syndicate in China, is also among the 17 foreigners under investigation.
He was convicted in China in 2015 for being involved in a criminal organisation.
(Clockwise from top left) Su Shuiming, Su Shuijun, Su Yongcan, Wang Huoqiang, Su Binghai and Wang Bingang are among the 17 individuals who are on the run.
PHOTOS: ZHOUCUN, ZIBO POLICE, SINGAPORE POLICE FORCE, THE PEAK
Wang Bingang’s cousin is Wang Baosen, who was sentenced to 13 months’ jail in April
As part of his plea offer, the 32-year-old forfeited his assets, worth around $8 million, to the state. He was deported to Cambodia in May and is barred from re-entering Singapore.
Four other money launderers who were convicted have also been deported
They are Su Wenqiang, Su Baolin and Su Haijin, who were deported to Cambodia, and Vang Shuiming, who was deported to Japan.
