Tag: Zhang Ruijin

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

Court Cases Charlene Lensburg - May 23, 2024

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.

Singapore Billion-Dollar Money Laundering Case: New Charges Filed Against Chinese Suspect Lin Baoying!

Court Cases tamir - May 21, 2024

In Singapore's largest money-laundering investigation, the Chinese national Lin Baoying, the sole female suspect among ten individuals implicated, was handed seven additional charges on Tuesday, May 21. The new allegations pertain to the possession of suspected criminal proceeds and the use of forged documents submitted to banks. During the court proceedings, Lin's lawyer announced that she intended to plead guilty. Lin herself requested an early date to enter her plea.

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