In January, the court heard eight charges against him, including his alleged refusal to sign various statements that he made to the authorities when required to do so by a Commercial Affairs Department officer on three occasions. This was said to have happened in an interview room at the Changi Prison Complex Medical Centre.
Su was also charged with using alleged criminal proceeds of S$657,980 to fund three cheques issued for the purchase of three properties located within the Orchard Road shopping belt in the name of his spouse.
Each of the three cheques were in excess of S$1.8 million and the money he provided was allegedly derived from a conspiracy he engaged someone named Wang Qiming to forge a document to cheat Standard Chartered Bank.
Two of his other charges were of abetting with someone named Wang Junjie by engaging in a conspiracy to make false representations to Singapore’s tax authority regarding the true and accurate values of the revenue, gross profits and trade receivables of Xinbao Investment Holdings for the financial years of 2020 and 2021.
Su has remained in remand for more than eight months’ since his arrest last August. His lawyers, Mr Sunil Sudheesan, Ms Diana Ngiam and Ms Joyce Khoo from Quahe Woo & Palmer, spoke of Su’s health condition and were twice denied in their application for bail.
Wang Baosen, Su Haijin and Su Wenqiang who were three of the 10 suspects in the case have been sentenced to jail for money laundering-related charges earlier this month.
This article was originally published in TODAY.
