Zhan Guotuan had provided the money to buy three landed properties in East Coast Road worth more than $6 million in total.
In 2007, Zhan was a shareholder of two companies – Alphaland International and Xin An Technology Group – that were in the business of property development in Singapore. Deputy public prosecutors Foo Shi Hao and Louis Ngia had stated in court documents: “ was the one who had conceived of the East Coast plan to purchase seven landed properties for redevelopment, and to buy in trust.
Zhan was overseas some time in or around early 2007 when Tan entered into a plan to pursue Zhan’s property development business in East Coast Road on the Chinese national’s behalf.Jail for man linked to $6m purchase of 3 houses; Chinese national bankrolled deals, say DPPs
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