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SINGAPORE — The mayor of a small town in the Philippines, who is said to own 16 vehicles and a helicopter, has been linked to two foreigners arrested in Singapore's $3 billion money laundering case. The revelation emerged when Alice Guo, mayor of Bamban iPhilippine Senate investigating small-town mayor linked to couple in Singapore's $3b money laundering case
SINGAPORE — The mayor of a small town in the Philippines, who is said to own 16 vehicles and a helicopter, has been linked to two foreigners arrested in Singapore's $3 billion money laundering case. The revelation emerged when Alice Guo, mayor of Bamban in Tarlac, a province north of Manila, was investigated by the Senate of the Philippines over her alleged involvement in illegal scam hubs. Guo had incorporated Baofu Land Development in 2019 with Zhang Ruijin and Lin Baoying, as well as Philippine national Rachel Joan Malonzo Carreon and Cypriot national Huang Zhiyang. According to media reports, the company built a compound in Bamban that allegedly housed illegal scam operations. Chinese national Zhang, 45, who also holds a passport issued by Saint Kitts and Nevis, was sentenced to 15 months' jail after he pleaded guilty in Singapore on April 30 to money laundering and forgery charges. His lover and fellow Chinese national Lin, 44, who also holds a passport from Dominica, faces 10 charges, including the use of forged documents and possession of benefits of criminal conduct. She is expected to plead guilty on May 30. Read more