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Singapore hands down first conviction in money laundering case

A Singaporean court sentenced Cambodian national Su Wenqiang to 13 months in jail after he pleaded guilty on April 2 to money laundering.
Singapore hands down first conviction in money laundering case ảnh 1 Su Wenqiang is the first suspect convicted in the billion-dollar money laundering case. (Illustrated by Channel News Asia)
Singapore (VNA) – A Singaporean court sentenced Cambodian national SuWenqiang to 13 months in jail after he pleaded guilty on April 2 to moneylaundering.

The 32-year-old man admitted to 11 charges of money laundering, possessingproceeds from illegal remote gambling offences, according to Channel News Asia.

More than 2.2 billion USD in assets have been seized or frozen in relation tothe case. This likely makes it one of the largest money laundering operationsin the world.

Su, who holds passports from Cambodia, Vanuatu and China, is one of 10foreigners arrested in Singapore in August last year in simultaneous raids./.
VNA
#Singapore #Cambodian national #money laundering #illegal remote gambling #Vietnam News Agency #Vietnamplus Singapore
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