
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.