SINGAPORE – Chinese national Wang Baosen has been sentenced to 13 months in jail, the third accused in Singapore’s largest money laundering case to be convicted following a probe that started in 2021.
Baosen also admitted to possessing nearly $600,000 in an HSBC bank account in Singapore, with the monies suspected to be proceeds from illicit gambling offences. Defence lawyer Favian Kang sought 13 months’ jail for his client, saying his overall criminality is lower than Su’s. The lawyer said his client consents to forfeiting 100 per cent of his criminal proceeds. He also wishes to be reunited with his two young daughters and his wife.Seized Sentosa plot in $3 billion money laundering probe goes on sale as OCBC seeks loan recovery
He insisted that he borrowed money from a relative to buy the car, but later told police he had overseas sources of income, including one million yuan of profits from his family’s tea plantation business in China between 2019 and 2023.
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