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Singapore Concludes Billion-Dollar Money Laundering Case with Final Sentencing

Su Jianfeng receives the longest jail term among the 10 convicted, with nearly S$944 million forfeited to the state.

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Singapore’s Central Business District. Su’s relationship manager at Maybank was notified by its financial crime compliance unit of two suspicious deposits in 2021. Photo: Roy Issa

Overview

  • Su Jianfeng sentenced to 17 months for his role in a S$3 billion money laundering scheme.
  • The investigation began in 2021 and involved foreign nationals using forged documents to launder money.
  • Assets worth S$944 million, including cash, properties, and luxury items, have been seized.
  • The swift prosecution sends a strong message against transnational crime in Singapore.
  • Authorities continue to investigate additional suspects linked to the case.