Wang Baosen is the third to be sentenced for his role in Singapore's largest money-laundering probe, following Su Wenqiang and Su Haijin.New: You can now listen to articles.SINGAPORE: A third man linked to the S$3 billion money-laundering probe that led to the arrests of 10 people was sentenced to 13 months' jail on Tuesday .
Deputy Public Prosecutor Foo Shi Hao said there is reasonable basis to suspect that the assets came from illegal gambling activities overseas.The court heard that a sum of about S$600,000 entered Wang's wife's Hongkong and Shanghai Banking Corporation bank account around Jan 19 last year. Wang submitted a forged loan agreement to the bank in support of the transaction, in a charge taken into consideration.
Initially, Wang said the sum of S$600,000 was a repayment of loans. Later, he said it came from his father's sale of overseas property, but could not substantiate his claim.
Crime Billion-Dollar Money Laundering Case
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