Accused money launderer faces seven new charges; splurged on luxury goods, rental of bungalow and luxury condos
By Nicholas Lam
/ EdgeProp Singapore |
On Jan 29, seven new charges were levied against Su Wenqiang, one of 10 foreign nationals arrested in Singapore's largest money laundering case. (Photo: Samuel Isaac Chua / EdgeProp Singapore)
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On Jan 29, seven new charges were levied against Su Wenqiang, 31, one of 10 foreign nationals arrested in August 2023 in Singapore's largest money laundering case, with assets seized now exceeding $3 billion.
The Cambodian national is charged with using funds of $476,700 from operating an unlawful remote gambling service in the Philippines. He had used the proceeds to purchase luxury goods including 30 bottles of Kweichow Moutai and 12 bottles of Macallan 18-year Scotch Whiskey.
Su had also used the proceeds for monthly rent and a security deposit on a bungalow at Lewis Road over 10 months from November 2022 to August 2023, which is estimated at $276,000. He also paid monthly rent for two apartments in the luxury condo Orchard-By-The-Park at 3 Orchard Boulevard, at $35,877 for the four months from October to December 2021, and $48,000 for the four months from January to April 2022.
Caption: Su paid monthly rent for two apartments in the luxury condo Orchard-By-The-Park at 3 Orchard Boulevard; $35,877 for October to December 2021, and $48,000 for January to April 2022. (Photo: Samuel Isaac Chua / EdgeProp Singapore)
He is also said to have forged a Chinese marriage certificate dated May 2018 with Su Yanping for a dependent pass application to the Ministry of Manpower.
Total charges faced by Su is nine to date.
Check out the latest listings for 3 Orchard By-the-park properties
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