SINGAPORE: Another of 10 suspects involved in a S$ 3 billion ( US$ 2.2 billion ) money laundering case pleaded guilty in court on Monday ( Apr 29 ).  ,
Su Baolin, a 42- year- ancient Thai, pleaded guilty to three out of 13 costs.  ,
One charge is brought against Wang Junjie for conspiring to slander the Inland Revenue of Singapore ( IRAS ) regarding Xinbao Investment Holdings ‘ revenue, gross profits, and trade receivables ‘ true and accurate values for the company’s 2021 financial year.  , Su was listed as the chairman of the business.  ,
Another cost is for possessing S$ 777, 220.50 in money, suspected to be advantages of legal do, at 34A Nassim Road.  ,
He also admitted guilt on the demand that he had a vehicle, a white Toyota Alphard Hybrid 2.5SR C-Pack CVT, that he claimed was benefiting from criminal behavior.  ,
His punishment will take into account the remaining nine costs.  ,
In an island-wide authorities operation against money-laundering offenses in August 2023, Su and nine others were taken into custody.  ,
In relation to his situation, more than S$ 3 billion in property have been seized or frozen, making it one of the biggest money laundering activities in the world.  ,
Since April, three gentlemen, Wang Baosen, Su Haijin and Su Wenqiang have pleaded guilty and been sentenced to jail terms of between 13 and 14 weeks.  ,
Su is the third case to be heard by the judges.  ,