Billion-dollar money laundering case: Suspect gets 6 new charges over fake property sale, loan agreement papers
He allegedly did so to deceive the banks that he had legitimate sources of wealth, and into believing that deposits were from the sale of the properties and loansSINGAPORE — Su Jianfeng, one of the 10 suspects involved in Singapore's billion-dollar money laundering probe, was on Thursday slapped with six new charges.This brings the total number of charges that the 36-year-old faces to 12.
This was allegedly done to deceive the bank into believing that deposit of S$2,999,980 from Wecord Rich Trading Company on May 28, 2021 was from the sale of the said property. According to court documents, he had done so to deceive the banks that he had legitimate sources of wealth, and into believing that the deposits were from the sale of the properties.
He allegedly intended to deceive the bank to believe deposits of S$1,029,990, S$499,990 and S$969,990 from Sheng Yu were delivered from the loan.