Last offender in S$3 billion money laundering case pleads guilty

SINGAPORE: The last of 10 individuals prosecuted in the S$ 3 billion ( US$ 2.2 billion ) money laundering case pleaded guilty in court on Friday ( Jun 7 ). &nbsp,

Wang Dehai, 35, faced six costs, two of which are related to money fraud, while the rest are career crimes.

The Cypriot was nabbed with nine other immigrants during&nbsp, continuous attacks islandwide&nbsp, in 2023.

On Aug 15, 2023, Wang had&nbsp, S$ 2, 299, 950 in income that was suspected to get benefits from distant playing crimes. He made no account of how he obtained the cash. The rest of his punishment decisions were taken into account while he admitted guilt. &nbsp,

Around Nov 29, 2019, Wang even used&nbsp, S$ 23 million to buy a product at The Marq property near Orchard Road. These resources were also thought to have been obtained through unauthorized gaming, and Wang omitted to account for them. &nbsp,

For falsely claiming to be a product manager and business consultant for Craft Digital between 2018 and 2022 in order to get employment permits, as well as for hiring a maid without a valid work permit, the offenses are.

Wang is the final defendant in the case to enter a guilty plea in judge. The nine that came before him have had millions of dollars in goods, including luxury items and attributes, seized and surrendered.