Purchased passports, shell companies: What affidavits reveal about the accused in the S$2.8b money laundering case

According to Seow Jing Min’s affidavits, Lin calls co-accused Zhang Ruijin” partner” and is in a loving relationship with him.

More than ten years have passed since they first met. According to the IO, she also admits that co-accused Su Haijin and Su Baolin are her companions.

Lin has taken a vacation with Zhang, the two Sus, and their respective ladies.

Lin has one Chinese pass that is still missing, and his asset value is among the highest of the 10 accused.

She is employed by Golden Eagle Family Office, a geographically registered company, as an assistant chief investment officer.

The IO claimed that Lin is the one who makes purchase decisions and that the business is designed to control her own money.

Eagle77 and Ban Tian Yao Catering Management are two of Lin’s registered companies in Singapore, but the IO claimed that neither of these companies has any significant activities, with Eagle47 being established only to aid Lin in buying real estate there.

Lin’s girl Lin Xiaozhen lives in the same building as her 15-year-old girl, who resides with a companion on Beach Road.

Lin was detained alongside her boyfriend Zhang in Sentosa, where she now resides.

Lin’s relatives reside in China and the United Arab Emirates, while her brother is a student in the UK and her kids are in Beijing.

Lin has an estimated net worth of S$ 30.7 million abroad, including six home properties for S$ 10 million in the UK, one residence for US$ 5.7 million from the Philippines, a property in Dubai for S$ 3.7 million, and bank accounts totaling S$ 11.3 million each in Hong Kong, Macau.

Lin is from Fujian, according to her Taiwanese card.

According to the IO, she paid an agent US$ 130, 000 and US$ 160,000, both, to obtain documents from Dominica and Cambodia.

RUIJIN ZHANG

Time: 45.

  • Foreign citizenship in demand sheets
  • China, Saint Kitts, and Nevis documents
  • He is accused of two forgeries involving Macau house and a Hong Kong business loan agreement.
  • He was seized of the following resources: S$ 109.8 million in cash, lender accounts, four attributes, cars, alcohol, metal, and expensive jewellery.
  • Mr. Lewis Lew Jia Rong from Loo & amp is the defense team’s partner, along with Mrs. Chia Foon Yeow, Mr…

The S$ 109.8 million in property seized or frozen from Zhang are allegedly from two businesses in his brand: Golden Eagle Assets and Gold Eagle Family Office, according to documents from Commercial Affairs Officer Daniel Neubronner.

Zhang has three documents, two from China and one from Saint Kitts and Nevis, and his more recent Chinese pass is missing. According to the IO, he claims to hardly realize where it is kept.

He bought a house worth US$ 250,000 in Saint Kitts and Nevis, where he obtained card and citizen, according to the IO.

Zhang has a work permit for the position of chief investment officer at Golden Eagle Family Office in the area.

Zhang claimed that the business was mainly set up for him to control his own wealth and get an employment pass in Singapore, according to the IO.

In other words, Zhang’s money is the only factor used by the company to decide where to invest.

Zhang’s families and two older brothers reside in China, while his son and daughter are studying there and in Japan, both.

Zhang estimates that he has about S$ 41 million in money abroad. This includes about S$ 2.8 million in stock purchased with money held in a Hong Kong bank account, S$ 931, 000 in money in an unaffiliated Foreign trading company, and S$ 93,000 in Foreign bank transactions.

Additionally, he owns stock in a Spanish real estate development firm for about S$ 37 million.

Zhang is connected to Suspect X, a person who is wanted by Singaporean authorities. The Singapore Police Force ( SPF) has seized or frozen properties worth S$ 127 million from Suspect X and is requesting information from foreign law enforcement organizations about his whereabouts and activities.

Zhang has played sport with Su Baolin, traveled abroad with the couple and their ladies, and is friends with his co-accuse Su Haijin and his partner Lin Baoying.

According to Zhang’s Chinese documents, Fujian is where he was born.

DEHAI WANG

  • 34 years old
  • Cypriot is the citizenship listed on the cost sheets.
  • Passports: China, Vanuatu, Cyprus, and Cambodia
  • He is accused of buying a product in The Marq with S$ 2.3 million in improper gaming income and of two costs of laundering gambling proceeds.
  • S$ 61 million in cash, cryptocurrencies, bank accounts, real estate, and vehicles were seized from him and his family.
  • Defense: Tan Rajah & amp’s Ms. Megan Chia

Wang was hired into the Philippines’ online gaming industry in 2012, according to Assistant Superintendent of Police Lim Yong Khiang, who is involved in Wang’s event.

Before becoming a producer, he initially dealt with punters in customer support and posted advertisements for online betting on well-known websites, according to ASP Lim.

Money or bank transfers were allegedly used to pay him.

Since 2017, ASP Lim has been charging Wang with engaging in illegal virtual playing.

Like him, Wang’s wife and three kids are Cypriots. Wang has a sizable fortune abroad, and his relatives are in China.

According to ASP Lim, this amounts to S$ 1.06 million in two homes in Xiamen, S$ 2.9 million or more in bank records in Hong Kong.

Wang is connected to four additional purported partners who the SPF is looking for. According to ASP Lim, two of the four people who are still at large are Wang’s family. Two of them are wanted by Chinese government for engaging in illegal virtual gambling since 2017.

In his own petition, Wang asserted that he and his wife started looking into relocating their family to Singapore so that their three kids may receive a better education.

He added that he and his family planned to move their kids to Singapore soon.

SHUMMING VANG

  • 42 years old
  • Turk is the citizenship listed on the invoices.
  • China, Vanuatu, Cambodia, and Turkey documents
  • He is accused of using a fake record and possessing legal rewards for South$ 2.4 million from unregistered moneylending in China.
  • More than S$ 200 million in assets, including cash, bank accounts, 15 components, and cars, were seized from him and his family.
  • Defense: Ms. Yang Xinyan from Drew & amp, Napier, and Mr. Wendell Wong.

Vang is wanted by Chinese government for engaging in illegal online gaming, according to Mr. Teh Yee Liang, the case’s principal investigator.

According to Mr. Teh, the Chinese and Singaporean officials are also looking for his brother Wang Shuiting, who is still at large.

Passports from Turkey, China, and Vanuatu are also in the possession of Wang’s wife, son, or child. Other household users of Varg are based in the UK and China.

According to Mr. Teh, Vang claimed that by making financial efforts, he was able to obtain the documents from Turkey and Vanuatu.

He asserted that he had obtained citizenship in Cambodia by making a donation to the country’s government, which” offered ,” according to Mr. Teh,” a passport.”

This card has vanished. Additionally, Varg owns three land parcels in Cambodia that are thought to be worth$ 18 million USD.

In addition to this, he is wealthy abroad, with 32 million yuan invested in Taiwanese personal companies, US$ 500 000 in investments in Turkey, 2 Xiamen, China condominium units for 20 million Yuan each, an investment in a factory there for several million Yan,$ 2 million in Hong Kong bank accounts, and US$ 110,000 in USDT tokens.

According to Mr. Teh, Vang has numerous connections to various wanted suspects. Among them are his brother Wang Shuiting, a suspect whose possessions Singapore authorities have seized totaling more than S$ 260 million, and another relative who was found guilty of engaging in illegal playing in China.

More than US$ 2.8 million price of bitcoin were taken out of Vang’s Binance accounts two days after his arrest in August of this year and while he was still on remand.

According to Mr. Teh, this was allegedly done by” a person of interest.”

Vang relocated his home to Singapore in 2019 and has remained ever since. While his youngest child is still a baby, his two older children are enrolled in this country’s foreign institutions.

The majority of the 10 accused in the case are currently attending a pre-trial meeting, which is off-limits to the general public and the media.

This is true with the exception of Su Wenqiang, who will have his bail review in November, and Chen Qingyuan, whose attorneys changed from Mr. Mark Tan to a group from Drew & amp, Napier, under the direction of Mr Gary Leonard Low.

Chen may appear in court once more in November for a follow-up.