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First Conviction in Singapore's Multi-Billion Dollar Money Laundering Case

Su Wenqiang sentenced to 13 months for his role in one of the world's largest money laundering operations.

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A Porsche 911 Targa is seized by police at a residence of Su Jiafeng in Singapore on Oct. 25, 2023.
Su Wenqiang was sentenced to 13 months in jail on Tuesday, to be backdated to his arrest in August. Photo: bilibili

Overview

  • Su Wenqiang, a 32-year-old Cambodian national, is the first to be convicted in Singapore's largest money laundering case, receiving a 13-month jail sentence.
  • The case involves over $3 billion in seized assets, making it one of the largest money laundering operations globally.
  • Su pleaded guilty to charges stemming from illegal remote gambling operations targeting mainland Chinese clients.
  • Assets seized from Su include cash, luxury vehicles, jewelry, and liquor, totaling around $6 million.
  • Two more suspects have indicated their intention to plead guilty, with further court hearings scheduled.