SINGAPORE: The eighth of 10 defendants to get caught up in Singapore’s multibillion- dollars cash fraud crackdown was on Thursday ( May 23 ) sentenced to 15 months in jail.
Chen Qingyuan, a 34- year- ancient Thai nationwide, pleaded innocent to three out of 10 costs.
In response to the company’s inquiries about payments into her accounts, Wang Qiujiao conspired with his girlfriend.  ,
Chen’s prison term is the longest among those dealt with so far and on line with , Zhang Ruijin, who was also sentenced to 15 times ‘ prisons in April.  ,
The 10 people were arrested during a simultaneous attack on , Aug 15, 2023.  , Police have seized more than S$ 3 billion ( US$ 2.2 billion ) worth of assets so far.
In Chen’s event, more than S$ 23 million of his goods were seized. Some of his funds were held in Wang’s title.
Wang agrees to have all of Chen’s property forfeited, with Wang agreeing to have those held in her name as also. Among these are a River Valley apartment worth more than S$ 10 million, as well as cryptocurrencies estimated to be worth more than S$ 1.8 million.  ,
Authorities also seized S$ 614, 750 in foreign currencies and a light Land Rover for about S$ 1 million. These were allegedly the result of illegal playing abroad.
He was unable to provide a convincing argument for how these assets came on.  ,
The six persons who had been given prison sentences of between 13 and 15 times were referenced in the , trial, and defense in deciding their presented word for Chen.  ,
The trial, represented by Deputy Public Prosecution Michelle Tay, Foo Shihao and Pavithra Ramkumar, argued for Chen to remain jailed for between 15 and 17 weeks- the highest imprisonment range among the accused.
Chen’s solicitor, Mr Gary Low from Drew and Napier, argued for Chen to be jailed for 14 times, pointing out that the circumstances of his employer’s situation did not call for the stiffest prison name.  ,