Data leak reveals links between money laundering accused Su Jianfeng and sale of Dubai properties

Su Jianfeng at a ceremony alongside Fidu Properties owner Su Sihai and COO Nazish Khan celebrating the opening of Fidu's office in 2019.

It revealed details of alleged money launderers around the world who own properties in Dubai worth hundreds of millions. It showed that Su Jianfeng allegedly has a larger property holding in Dubai than what he had confessed to in Singapore, and may have played a bigger role in the real estate company he co-owns with Su Sihai.in the August 2023 anti-money laundering probe that saw the authorities take control of $3 billion in cash and assets.

On Fidu Property Real Estate Brokerage’s social media channels on YouTube and Facebook, he can be seen taking part in the firm’s annual awards in 2019. Two previously unknown Singapore-based business figures – Su Shuiming and Su Shuijun – own 11 units each at Grande Downtown that make up the entire 66th and 68th floors of the development.Su Shuiming and Su Shuijun were placed on China’s wanted list in September 2023 for their involvement in an online gambling syndicate. ST reported this on May 15.The leak suggested that Su Jianfeng, a Vanuatu national, had purchased 30 properties in Dubai.

However, there was no mention of property holdings in Dubai. He instead admitted to owning a condominium unit in Cambodia, three apartments in Cyprus, one property at Oxford Street in London, and five properties in Macau. The Chinese national, who is facing two forgery charges and one count of perverting justice, had confessed to owning five properties worth more than $72 million in Singapore.The data leak suggests that Su Jianfeng may have helped several others purchase properties in Dubai.

Su Binghai is the businessman who used his Singapore-registered firms to buy 10 shophouses for more than $100 million in 2023. He did this with another businessmanThe firms were put into receivership in September 2023 after the owners failed to repay debts, and the shophouses were put on the market by DBS bank some time in December 2023.

Su Jianfeng’s partner, Su Sihai, is linked to six properties in Dubai. Four properties, worth more than $25 million, have been verified.When ST visited Su Sihai’s home in Clementi on May 9, his maid answered the door and said her employer has not been in Singapore for around a year since leaving for Dubai.

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