SINGAPORE: Three men, aged between 26 and 41, will be charged in court on Thursday (Aug 15) with various offences linked to one of the country’s largest money laundering cases.
Two of them are former bank relationship managers who counted convicted criminals Su Baolin, Vang Shuiming and Lin Baoying among their clients – three of the 10 foreigners who were convicted and jailed for laundering illicit funds and other offences.
The remaining individual was a personal driver to fugitive Su Binghai, who is currently wanted by the police for his involvement in alleged money laundering offences.
“Their cases relate to a group of individuals who were convicted of laundering the proceeds of overseas organised crime activities in Singapore, and others who are suspected of the same but have not returned to Singapore to face investigations since the probe started,” the police said on Wednesday.
The first bank employee, a 26-year-old Chinese national, was a relationship manager employed by a foreign bank incorporated in Singapore.
His clients included Su Baolin and Vang.
Investigations found that sometime in or around December 2020, the man allegedly abetted Su Baolin by making a false loan agreement to cheat another bank about the source of the deposit made into Su Baolin’s bank account.
He was also allegedly in possession of S$481,678 (US$366,500) of cash collected on behalf of Su Baolin on Dec 15, 2020, for which he has been unable to provide a satisfactory account of its provenance, said the police.
Between Apr 19, 2021 and Apr 25, 2021, the man allegedly forged a loan document to cheat the bank in which he was working as to the source of Vang’s funds, thereby allowing the deposit of SS$999,980 into Vang’s bank account on Mar 29, 2021.
The second bank employee, a 35-year-old Chinese national, was a relationship manager employed by the local branch of a foreign-incorporated bank whose clients included Lin.
He had allegedly received various alterations of a forged tax document from Lin before submitting the final version to the bank as supporting document to facilitate the opening of a bank account in Switzerland.
The remaining individual, a 41-year-old Singaporean, was the personal driver to Su Binghai, who is currently wanted by the police.
He faces charges for allegedly lying to the police that Su Binghai did not leave any valuables in his possession, and for obstructing the course of justice by disposing of four vehicles belonging to Su Binghai.
