Billion-dollar money-laundering case: Man set to plead guilty, first among 10 suspects

A person from Singapore is expected to enter a guilty plea on behalf of one of the ten accused of a billion-dollar cash fraud case.

He is the first member of the group to give such an indication, while several others have stated in previous court filings that they would probably be claiming trial through their attorneys.

Following a pre-trial conference held in chambers on Thursday ( Mar 7 ), a date for Su Wenqiang to enter a guilty plea was set for April 2.

Su, 33, is identified as Vietnamese on demand sheets, but his card says that he is from Fujian, China.

He is accused of a total of 11 counts, including money-laundering, capturing proceeds from improper remote gambling, and lying to get work permits for himself and his wife.

Su is accused of:

  • having S$ 61, 706 ( US$$ 441, 000 ) at least partially from improper remote playing
  • A Mercedes Benz AMG C63S was purchased in January 2022 using S$ 500, 000 in improper revenues.
  • purchasing luxury bags, jewelry, liquor, and paying for prices on luxury homes and property products, laundering about S$ 477, 000 in illicit proceeds from the Philippines-based illegal remote gambling services.
  • Lying in a job application for a revenue producer position by Fleur Business Service in February 2022 when he claimed to be employed by Fleur Business Service as a revenue producer.
  • conspiring with someone else to get a work permit for his family, Su Yanping.

An investigating official on Su’s event said he was wanted in China and worked as an executive in a distant lottery company with operations in the Philippines and Cambodia, according to previous court hearings.

He moved two young children to Singapore with the intention of living there forever and having them get their education here. He also has documents from China, Cambodia, and Vanuatu.

Since his imprisonment in August of last year, he has been held on remand for more than six weeks.

Nine people and one woman, who are both mostly from China, were discovered by officers throughout the island.

A distant playing business with a base in the Philippines that targets punters in China is the focus of the larger case.

Some of the suspects had their names on intended lists in China, but some established businesses there as early as 2019 with some starting reported shell companies.

The various nine accused in the case are still at the pre-trial event or situation management event, according to court records searches.

Sameer Amir Melber and Nandwani Manoj Prakash of Gabriel Law Corporation represent Su.