Connect with us

Court Cases

Su Haijin, suspect in S$1.8 Billion Case, faces new charge for possessing money from criminal offences

On Wednesday, Su Haijin, a 40-year-old with both Cypriot nationality and roots in Fujian, China, confronted a new charge in connection with the S$1.8 billion money laundering case.

He was accused of possessing S$4.06 million in a UOB account, reflecting illegal gains from remote gambling activities.

Published

on

SINGAPORE: Su Haijin, one of the ten suspects arrested in the recent S$1.8 billion money laundering case, faced a new charge in court on Wednesday (6 Sept).

The 40-year-old, originally from Fujian, China, and holding Cypriot nationality, was accused of possessing money obtained from criminal activities.

According to the charge sheet, he held S$4.06 million in a UOB account, representing proceeds from unlawful remote gambling offences.

Deputy Public Prosecutor Ng Jean Ting requested an additional eight-day remand for Su, citing a “slightly slower pace” in the case due to his injury treatment, Singapore state media CNA reported.

Su had undergone surgery on 28 August, resulting in a delay of six to seven days in recording his statements.

Su was also charged with one count of resisting arrest, in which the police statement indicated that during the arrest on 15 August, officers outside Su’s bedroom identified themselves and instructed him to open the door.

Su then allegedly leapt from the second-floor balcony of his GCB in Ewart Park and was later found by the police hiding in a drain. The jump resulted in fractures to his hands and legs, and he was taken to the hospital while conscious.

The prosecutor mentioned that Su had initially claimed illness and postponed his statement recording, but later that afternoon, he managed a two-hour meeting with his counsel.

“Most recently on Monday (4 Sept), he informed the (investigating officer) that he was unwell and could not have his statement recorded from him. However, later that afternoon, he managed to proceed with a two-hour meeting with his counsel,” said Ms Ng.

Seized assets totalling around S$160 million are to be investigated

Furthermore, with the new charge, there was a significant amount of seized assets to investigate, totalling around S$160 million, belonging to Su and his wife.

Su’s lawyer, Julian Tay of Lee & Lee, opposed the prosecutor’s application to remand his client.

The lawyer asserted that investigations should have concluded during the previous 22 days of remand and were unrelated to his medical condition. He also noted that more than 10 statements had been recorded from his client.

Nevertheless, District Judge Brenda Tan approved the prosecution’s request for extended remand to compensate for the time lost due to Su’s medical situation.

Su’s case was postponed to 13 September, and upon his hospital discharge, he would be relocated to Changi Medical Centre.

Su Haijin, along with other eight men and one woman aged between 31 and 44, were apprehended during an islandwide raid conducted by over 400 officers led by the Commercial Affairs Department (CAD).

These individuals have different nationalities but share a common origin in Fujian.

Su Haijin- exploring the multifaceted business portfolio and lavish lifestyle

Su Haijin was reportedly a shareholder or director in multiple companies and had purportedly received S$36.37 million for a pair of adjacent bungalows in Sentosa Cove.

He held this directorial position at the company from October 2021 to June 2022, as indicated in info available on the Accounting and Corporate Regulatory Authority (Acra).

The company’s annual report for the year 2021, submitted in October of that year, documented Su Haijin as possessing a 20 percent ownership stake in the company, As reported by The Straits Times.

Su Haijin also held positions as both a shareholder and director at Aiqinhai Investment, a privately held company limited by shares, and maintained identical roles at Daily Glory International, a mobile phone dealership.

Furthermore, according to a report from Chinese media outlet Lianhe Zaobao, it was revealed that Su Haijin holds positions as both a shareholder and director at Yihao Cyber Technologies Pte. Ltd.

Additionally, he is a shareholder in Meining (Asia) International Electronic Commerce Pte. Ltd. and Sg-Gree, an electrical appliance manufacturer specializing in air-conditioners.

Notably, Su Haijin is the younger sibling of another individual who was apprehended, namely Su Baolin.

 

Share this post via:
Continue Reading
Click to comment
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Trending

Discover more from Gutzy Asia

Subscribe now to keep reading and get access to the full archive.

Continue Reading