Billion-dollar money laundering case: Suspect gets 6 new charges over fake property sale, loan agreement papers

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Billion-Dollar Money Laundering Case News

Court,Crime

SINGAPORE: Su Jianfeng, one of the 10 suspects involved in Singapore's billion-dollar money laundering probe, was on Thursday (May 16) slapped with six new charges. The fresh charges are related to his alleged fraudulent submission of forged documents to banks.

Su Jianfeng now faces 12 charges related to the billion-dollar money laundering case. 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 a deposit of S$2,999,980 from Wecord Rich Trading Company on May 28, 2021, was from the sale of the said property. In another charge, Su allegedly used the same method for the sale of"Residences_E2 Property Number 2302" to a Lin Zhenghu, and submitted the contract to Maybank Singapore.

Su also submitted two loan agreements to two companies as genuine documents to OCBC, allegedly intending to deceive the bank that the deposits were from the loans.

 

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Billion-dollar money laundering case: Suspect gets 6 new charges over fake property sale, loan agreement papersSINGAPORE — Su Jianfeng, one of the 10 suspects involved in Singapore's billion-dollar money laundering probe, was on Thursday (May 16) slapped with six new charges.
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