Tag: Su Baolin

Binance and Garantex with money laundering activitiesL
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June 11, 2024

Last of 10 Singapore Money Launderers Jailed: Questions of Justice and Oversight

In a case that has riveted the international community and tested the mettle of Singapore’s legal system, Su Jianfeng, the last member of a notorious group of money launderers, has been sentenced to 17 months in jail. This marks the culmination of a sprawling investigation involving hundreds of officers and the seizure of over SGD 1 billion in assets. This was the biggest money laundering case in Singapore so far.
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Cambodian Chen Qingyuan convited over money laundering chargesS
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May 23, 2024

Singapore’s $3 Billion Money Laundering Case: Seventh Conviction Leads to 15-Month Jail Term and Forfeiture of $21.3 Million

In the latest development of Singapore’s largest money laundering case, Cambodian national Chen Qingyuan, 34, was sentenced to 15 months in jail on May 23 following his conviction on two money laundering charges and one forgery-related charge. This case, previously covered by FinTelegram, has seen significant developments with multiple arrests and substantial asset seizures. Chen Qingyuan is the seventh individual to be convicted in connection with this massive money laundering probe.
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