Court Cases
Su Jianfeng sentenced to 17 months in S$3B money laundering case
Su Jianfeng, the final defendant among ten individuals in the landmark S$3 billion money laundering case, received a 17-month jail term after being convicted of money laundering and forgery. This sentence is the longest term handed down in the case. Su became involved in illegal online gambling operations around 2013. Later, between 2020 and 2022, he acted as a middleman, facilitating the purchase of properties in Dubai for those involved in the case.
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SINGAPORE: Su Jianfeng, the final defendant among ten individuals in the landmark S$3 billion money laundering case, was sentenced to 17 months’ imprisonment on 6 June after being convicted of money laundering and forgery.
Originally from Fujian, China, Su is a Vanuatu national who pleaded guilty to one count of money laundering under the Corruption, Drug Trafficking, and Other Serious Crimes Act, along with one count of forgery.
An additional 12 charges, including forgery, money laundering, and manpower-related offences for employing a personal chef without a valid work pass, were taken into consideration.
District Judge James Elisha Lee, delivering his verdict on Monday (10 June), remarked that Su exhibited a flagrant disregard for Singaporean law, persistently engaging in illegal activities over an extended period.
As part of his sentence, the 35-year-old forfeited S$178.9 million, representing 95.5% of the assets seized from him and his wife, Chen Qiuyan. Authorities seized a total of approximately S$187 million in assets, including cash, real estate, cryptocurrency, and vehicles.
According to court documents, after relocating to Singapore in August 2020, the couple amassed assets including 12 properties valued at S$63.9 million and seven vehicles valued at S$5.2 million. Chen Qiuyan holds director positions in two companies: Qingfeng Assets and Qingfeng Investment.
Earlier revelations in court indicated that Su became involved in illegal online gambling operations around 2013, after being introduced by a Taiwanese individual. Su was involved in operating illegal online gambling websites in Kuala Lumpur, Malaysia, and Manila, Philippines, targeting primarily Chinese gamblers.
During an arrest operation on 15 August last year, authorities discovered S$559,030 in cash in a safe at Su’s residence, all proceeds from illegal online gambling.
To account for his wealth, Su submitted several false property sales contracts to two banks in Singapore.
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13,14, 15, 16-17 months sentences…
The judges learning to count?
What a joke…
The 3 diff sets of laws in SG..