Last offender in $3b money laundering case gets 17 months' jail
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SINGAPORE - Dubai property broker Su Jianfeng has been sentenced to 17 months’ jail, making him the last of the 10 foreigners arrested in an anti-money laundering blitz in August 2023 to be sent to jail. The 36-year-old Vanuatu national, who is originallyLast offender in $3b money laundering case gets 17 months' jail
SINGAPORE - Dubai property broker Su Jianfeng has been sentenced to 17 months’ jail, making him the last of the 10 foreigners arrested in an anti-money laundering blitz in August 2023 to be sent to jail. The 36-year-old Vanuatu national, who is originally from China, had pleaded guilty on June 6 to money laundering and forgery. Another 12 charges were taken into consideration. They range from forgery and money laundering, to manpower-related offences for hiring a personal chef without a valid work pass. District Judge James Elisha Lee on June 10 said Su had demonstrated a high degree of disregard for the law in Singapore, with the charges showing he persistently committed the acts over a significant period of time. As part of his sentence, Su agreed to forfeit $178.9 million of his assets to the state. His forfeited assets represent 95.5 per cent of the $187 million fortune seized from him and his wife Chen Qiuyan. Court documents showed just after the couple relocated to Singapore in August 2020, they amassed a portfolio of assets which included 12 properties worth $63.9 million and seven vehicles worth $5.2 million. Read more