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Singapore makes first conviction in massive USD2.2bn money laundering probe

Su Wenqiang, a Cambodian passport holder implicated in a SGD3bn (USD2.2bn) money laundering case, was sentenced to 13 months in jail, the first among 10 foreign nationals convicted in Singapore. Pleading guilty to laundering over SGD500,000, including proceeds from illegal gambling and purchasing a Mercedes-Benz with criminal funds, his sentences from Senior District Judge Ong Hian Sun will run concurrently from August 15, 2023. Su faced 11 initial charges, with additional counts for using laundered money for luxury purchases and fraudulent work pass applications. Arrested during an anti-money laundering operation, his seized assets exceeded SGD2.6m. With assets in the case reaching over SGD3bn, two more accused are anticipated to plead guilty soon.


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