$3b money laundering accused Su Baolin handed 3 new charges, to plead guilty on April 29
Source: Straits Times
Article Date: 25 Apr 2024
Author: Wong Shiying
He is the fifth person in the probe – which saw more than $3 billion in cash and assets seized – who intends to plead guilty.
Su Baolin, one of the 10 accused in Singapore’s largest money laundering case, was handed three more charges on April 24, five days before he is set to plead guilty on April 29.
Su, 42, who is originally from China and holds a Cambodian passport, now faces 13 charges in total.
He is the fifth person in the probe – which saw more than $3 billion in cash and assets seized – who intends to plead guilty.
Three other accused – Su Wenqiang, Su Haijin and Wang Baosen – have been sentenced to between 13 and 14 months in jail.
Two of Su Baolin’s fresh charges allege that he possessed property suspected of being benefits from illegal gambling offences abroad.
His remaining new charge accuses him of falsely declaring to the Ministry of Manpower’s (MOM) Controller of Work Passes in October 2022 that his wife Ma Ning would be employed as sales and marketing director of SG-Gree, when he knew there was no such arrangement. Su Baolin is listed as a director of SG-Gree.
Three of his previous charges accuse him of abetting a Wang Junjie from 2020 to 2022 with making false representations to the Inland Revenue Authority of Singapore on Xinbao Investment Holding’s financial situation.
He faces a separate money laundering charge which alleges that, in December 2020, he used $657,980 in criminal proceeds to fund the purchase of three properties at Scotts Square, in Scotts Road, in the name of his wife.
Three cheques were issued, each worth more than $1.8 million.
He allegedly abetted a former Citibank employee, Wang Qiming, to forge a borrowing agreement for the purposes of cheating Standard Chartered Bank.
He allegedly submitted a forged income declaration certificate from ZhengJiang Chengnabaili Import & Export to Citibank as supporting documentation.
In November 2017, he allegedly lied in a statutory declaration affirmed before a Commissioner of Oaths, which included him saying he was a director of a firm known as Great Trillion Technology in Hong Kong and he had received dividends and director’s salary and fees totalling about $5.1 million since 2016.
Su Baolin’s remaining three charges relate to him refusing to sign statements he made in an interview room at Changi Prison from December 2023 to January 2024.
For money laundering, he can be fined up to $150,000 and jailed for up to three years for each offence. For lying to MOM, he can be fined up to $20,000 and jailed for up to two years.
Source: Straits Times © SPH Media Limited. Permission required for reproduction.
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