On June 15, three more individuals involved in the $3 billion money laundering case in Singapore were released and deported to Cambodia, with a permanent ban from re-entering Singapore. The three individuals are Zhang Ruijin, Chen Qingyuan, and Lin Baoying.
As of today, out of the ten gang members, eight have been released, except for Wang Dehai and Su Jianfeng. Seven of those released have been deported to Cambodia, while Wang Shuiming was deported to Japan. Previously, the prosecution had stated in court that Wang Shuiming held passports from Turkey, China, and Vanuatu. The Turkish passport allows visa-free travel to Japan for 90 days, suggesting Wang Shuiming chose Japan as his destination.
From the table, it can be seen that Wang Baosen, Su Wenqiang, Su Baolin, Su Haijin, Wang Shuiming, Chen Qingyuan, Zhang Ruijin, and Lin Baoying have been released and deported from Singapore. Only Wang Dehai and Su Jianfeng remain in prison, expected to be released by the end of 2024.
Five out of the ten are currently wanted by Chinese police: Su Wenqiang, Wang Shuiming, Chen Qingyuan, Wang Dehai, and Su Jianfeng.
Singapore police have seized assets worth over $3 billion related to this case. These assets belong not only to the ten prosecuted individuals but also to an additional 17 people under investigation. The ten arrested individuals had assets exceeding $1 billion, 95% of which were ordered to be confiscated by the court, leading to their lighter sentences.
Currently, Singapore police are focusing on the 17 individuals who fled Singapore and those involved in facilitating the money laundering, including Singaporeans. Singapore Police Force actively collaborates with foreign law enforcement agencies to combat transnational crime. Among the 17 fugitives, two have been issued Red Notices by Interpol: Su Yongcan (33) and Wang Huoqiang (29), who are the brother-in-law and cousin of defendant Wang Dehai, respectively.
In addition to cooperating with Interpol, the Suspicious Transaction Reporting Office (STRO) under the Commercial Affairs Department exchanges information with foreign law enforcement agencies, which may assist local investigations. STRO has provided financial analysis reports on the involved individuals to law enforcement agencies to facilitate possible enforcement or regulatory actions.
The two wanted individuals are Su Yongcan (33) and Wang Huoqiang (29). Su Yongcan’s sister is married to one of the defendants, Wang Dehai (35), while Wang Huoqiang is Wang Dehai’s cousin.
Director of the Commercial Affairs Department, Zhou Xiangtai, stated, “To protect Singapore’s financial system, the police will spare no effort in tracking down criminal activities, arresting criminals, and confiscating their ill-gotten gains, ensuring that these criminals have no place to hide in Singapore.”
Minister for Home Affairs and Minister for Law, Shanmugam, also disclosed that to further strengthen measures against money laundering in Singapore, the Ministry of Home Affairs will propose a bill to enhance the enforcement agencies' ability to combat money laundering and enable Singapore regulators to obtain suspicious transaction reports.
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