The largest money laundering case in Singapore in recent years arrested 10 people including Su Baolin, the founder of Xinbao Investment

Odaily Planet Daily News Singapore has cracked the largest money laundering case in recent years, and 10 people including Su Baolin, the founder of Xinbao Investment, were arrested. The 10 foreigners arrested in this case were suspected of crimes such as forging documents and money laundering. The total value of the property involved in the case was about 1 billion Singapore dollars. It was preliminarily determined that the origin of the 10 people was Fujian Province, China. The detailed list is as follows: Su Haijin (40), Wang Dehai (34), Su Jianfeng (35), Su Wenqiang (31), Wang Baosen (31), Chen Qingyuan (33), Su Baolin (41), Wan Shuiming (42) ), Zhang Ruijin (44 years old) and Lin Baoying (43 years old). (Lianhe Zaobao) According to reports yesterday, the Singapore police recently conducted simultaneous raids across the country and arrested 10 foreigners suspected of money laundering and forgery of documents. Another 12 people are assisting the investigation and eight are wanted. The total value of the assets seized by the police in this operation was about 1 billion Singapore dollars, including more than 115 million cash, as well as real estate, cars, watches, jewelry and 11 documents containing virtual asset information, etc. The relevant bank account funds were also frozen. The 10 non-Singaporean citizens or permanent residents are suspected of using forged documents to launder money for overseas criminal gangs. They will face charges including money laundering and forgery of documents. If convicted, the personal money laundering charge carries a maximum penalty of 10 years in prison, or a fine of up to $500,000. The Singapore police stated that they will continue to investigate and do not rule out that more assets and accounts will be involved in the future.