Share this @internewscast.com

Singapore on Tuesday sentenced the first person to plead guilty in the Southeast Asian city-state’s biggest money-laundering scandal to a 13-month imprisonment.

Cambodian national Su Wenqiang had faced 11 charges relating to forgery and laundering criminal proceeds. Public prosecutors went ahead with two counts of money laundering after an agreement to consider the remaining nine charges for sentencing.

The Singapore police said they had seized around 6 million Singapore dollars’ ($4.44 million) worth of assets from Su. According to court documents emailed to CNBC, this includes more than 2 million Singapore dollars in a bank account with United Overseas Bank, a Mercedes Benz, Chinese Moutai liquor and jewelry from Tiffany’s and Dior.

Su was charged for laundering income from his part in abetting the operation of an illegal offshore remote gambling service out of the Philippines, which catered to mainland Chinese clients, according to court documents.

Su, 32, was arrested in August last year along with nine others of Chinese origin, in a case that has stunned many and raised doubts over Singapore’s reputation as a financial hub. Two suspects are still on the run.

The value of all assets seized to date now exceeds more than 3 billion Singapore dollars, according to court documents.

Share this @internewscast.com
You May Also Like
JD Vance warns that UFOs could be 'demons' flying around earth, vows to 'get to the bottom' of it

JD Vance Raises Alarming Theory: UFOs May Be ‘Demons’ — Pledges Comprehensive Investigation

WASHINGTON — Vice President JD Vance recently shared a provocative theory, suggesting…
Politico yanks antisemitic cartoon of blood-covered Trump and Netanyahu

Politico Removes Controversial Cartoon Featuring Trump and Netanyahu

WASHINGTON — Politico found itself embroiled in controversy after pulling a contentious…
California man found dead in back of police car outside station as new details emerge

Shocking Discovery: California Man Found Dead in Police Cruiser – Unveiling the Mysterious Details

Eric Valencia’s loved ones are urging the Azusa Police Department to clarify…
Major Wall Street powerhouse weighs southern move as Mamdani-led tax threats swirl

Wall Street Giant Considers Southern Relocation Amid Mamdani’s Tax Proposals

In a significant development for the financial world, one of Wall Street’s…
California gubernatorial candidates' salaries revealed

Unveiling California’s Gubernatorial Paychecks: What Do Candidates Really Earn?

As California prepares to elect a new governor to succeed Gavin Newsom,…
Our Chicago: For more than 50 years, Haymarket Center has helped people struggling with addiction

Chicago’s Haymarket Center: A 50-Year Legacy of Supporting Addiction Recovery

In 1975, Haymarket Center was established in Chicago by Monsignor Ignatius McDermott…
Terrorist attack on Paris Bank of America branch thwarted before bomb detonated: report

Swift Action Prevents Bombing at Paris Bank of America Branch: Authorities Avert Terrorist Attack

In a dramatic turn of events, Paris police successfully thwarted a terror…
Flight attendant survives being thrown from Air Canada flight in deadly LaGuardia crash: 'Total miracle'

Daughter of Air Canada Flight Attendant Shares Update on Mother’s Injuries Following Ejection from Crash

Air Canada jet hits ground vehicle, shuts down LaGuardia An Air Canada…
JFK & RFK 'would be making the same kinds of choices' on Iran, Ukraine as 'empath' Trump: RFK Jr.

RFK Jr. Claims JFK and RFK Would Align with Trump’s Decisions on Iran and Ukraine

WASHINGTON — Robert F. Kennedy Jr. has stirred conversation by suggesting that…
Two gas India-flagged gas tankers crossing the Strait of Hormuz

India’s Gas Giants: Navigating the Strategic Strait of Hormuz

Amid escalating tensions in the region, two additional tankers flying the Indian…
Cop under investigation after bashing high school baseball player in head with Taser

Police Officer Faces Probe After Taser Incident Involving High School Baseball Player

A disturbing incident at a South Carolina high school baseball game has…
Security scare near Trump's Air Force One at Palm Beach airport

Security Incident Unfolds Near Air Force One at Palm Beach Airport During Trump’s Visit

WASHINGTON — A security incident unfolded at Palm Beach International Airport on…