Su Jianfeng, a 36-year-old Vanuatu national, was convicted last Thursday after he pleaded guilty to one charge each of possessing almost S$551,000 in criminal benefits from running an illegal remote gambling service and fraudulently using a forged property sale contract to explain the source of deposits into his bank account.
However, he also took into consideration Su’s plea of guilt and his agreement for the state to forfeit 95.5 per cent of his assets.Su’s jail term was backdated by almost 10 months as he has been in remand since August 2023.In a statement to the media after Su’s hearing, chief prosecutor Tan Kiat Pheng said that the amounts involved across the 10 individuals’ cases “make this the largest money laundering case that Singapore has prosecuted”.
The court previously heard that the police Commercial Affairs Department had been receiving information of possible money-laundering activities and the use of forged documents to cover up sources of funds into Singapore bank accounts since 2021. He moved his children to Singapore in August 2019 as he wanted them to study here. He then followed suit the next year.
Money Laundering Case
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