Singapore convicts initial suspect in document money laundering circumstance

Singapore convicts initial suspect in document money laundering circumstance


A Porsche 911 Targa auto seized by police at a home of Su Jiafeng, 1 of the suspects in the S$2.8 billion funds-laundering scenario, in Singapore, on Wednesday, Oct. 25, 2023. Allegations have erupted that wealthy Chinese have been pouring ill-gotten gains into the Asian money hub, in what the authorities itself describes as most likely a person of the world’s premier revenue-laundering situations. Photographer: Ore Huiying/Bloomberg by using Getty Photographs

Bloomberg | Bloomberg | Getty Images

Singapore on Tuesday sentenced the 1st man or woman to plead guilty in the Southeast Asia island-state’s most important revenue laundering scandal to a 13-thirty day period imprisonment.

Cambodian national Su Wenqiang had confronted 11 fees relating to forgery and laundering prison proceeds. Public prosecutors went forward with two counts of income laundering soon after an agreement to take into consideration the remaining nine fees for sentencing.

The Singapore law enforcement explained it has seized around 6 million Singapore dollars ($4.44 million) truly worth of belongings from Su, who was arrested in August very last year alongside with nine other folks of Chinese origin, in a case that has shocked quite a few and lifted doubts around Singapore’s name as a monetary hub.

The price of all property seized to date sits in close proximity to 3 billion Singapore dollars, according to Singapore’s Ministry of Dwelling Affairs.



Supply

Charlize Theron is choosing to be single, she told ‘Call Her Daddy’: That can be ‘a sign of strength,’ says relationship expert
World

Charlize Theron is choosing to be single, she told ‘Call Her Daddy’: That can be ‘a sign of strength,’ says relationship expert

Oscar-winning actress Charlize Theron has had her share of romantic relationships. Among the most famous were her relationships with Third Eye Blind frontman Stephan Jenkins and actor Sean Penn. But these days, the mother of two is choosing to be single, she recently told Alex Cooper on podcast “Call Her Daddy.” For her, building her […]

Read More
The ‘cortisol cocktail’ has gone viral on TikTok—but can it actually reduce stress? Here’s what doctors say
World

The ‘cortisol cocktail’ has gone viral on TikTok—but can it actually reduce stress? Here’s what doctors say

Let’s face it: Americans are stressed. Google searches for “how to reduce stress” are high, and 77% of U.S. adults report that the country’s future is a major source of stress, according to a survey done by the American Psychological Association. So, it’s no surprise that people are looking for ways to better manage their […]

Read More
Happiness researcher shares his ’90-second rule’ to live a better, more fulfilled life—it helps when you’re angry or upset
World

Happiness researcher shares his ’90-second rule’ to live a better, more fulfilled life—it helps when you’re angry or upset

Mo Gawdat’s son, Ali, was 21 years old when he died due to medical negligence during a routine appendix surgery in 2014. Gawdat was devastated, confused and in a palpable state of shock. Then, 17 days later, he started writing a book on how to be happy, in his son’s honor. Gawdat has researched the […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus