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Sunday, October 1, 2023
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$1 BILLION MONEY LAUNDERING CASE – WIVES OF SUSPECTS BEING INVESTIGATED

In a sprawling money laundering investigation, authorities have cast a wide net, scrutinizing individuals connected to foreign nationals arrested in the probe.

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This gripping narrative unveils the complexity of the case, delving into the assets and businesses of those under investigation.

According to The Straits Times, the Ministry of Law initiated the probe by issuing a notice on August 27th, targeting dealers of precious metals and stones. The objective was clear: unearth any suspicious transactions involving 24 individuals linked to the case.

Suspects’ Family Ties

During a subsequent court hearing, the prosecution revealed that the suspects include not only the main accused but also their wives and relatives.

Su Yongcan

  • Su Yongcan is a shareholder of Craft Digital, a company located at Millenia Tower in Singapore.
  • His registered address coincides with Wu Shuiying, another associate of the 10 primary accused.
  • Su Yongcan’s name also surfaces at the Sentosa Golf Club, where several others within the alleged network, such as Su Haijin and Su Baolin, are members. Interestingly, Su Haijin and Su Baolin were arrested on August 15th in connection with this investigation.
  • Additionally, Su Yongcan is wanted by Chinese authorities due to his alleged involvement in a gambling gang exposed in 2017, which reportedly includes Su Jianfeng, Su Wenqiang, and Wang Dehaiā€”individuals among the 10 facing charges in Singapore.

Wang Shuiting

  • Wang Shuiting’s brother is none other than Wang Shuiming, also one of the 10 accused.
  • Like Su Yongcan, Wang Shuiting is a member of the Sentosa Golf Club.
  • He is wanted by Chinese authorities for his alleged association with the Heng Bo Bao Wang gambling syndicate, uncovered in 2022. Intriguingly, his brother, Shuiming, is also sought after in China for similar reasons.

Wang Ruiyan

  • Wang Ruiyan is married to Vang Shuiming, whose registered address matches her husband’s place of arrest on August 15th, 7B Bishopsgate.
  • She serves as the director of two Singaporean companies: Ming Huang Investments and Ming Huang Management.

Wu Qin

  • Wu Qin, married to Su Haijin since Valentine’s Day in 2019, had her address listed as 16 Ewart Park during the police raid.
  • She holds director roles in two local companies: Hirohisa Vending and Culbert Management.

Ma Ning

  • Ma Ning is Su Baolin’s wife, and their assets worth almost $100 million, including properties, bank accounts, and vehicles, were seized by authorities.
  • Ma Ning resides in Gramercy Park, a condominium in Grange Road, matching the registered address of Su Haijin.

Chen Qiuyan

  • Chen Qiuyan’s registered address corresponds to a unit at 8 Saint Thomas, a condominium in River Valley where Su Jianfeng resided.
  • She is the director of two local companies: Qingfeng Assets and Qingfeng Investment.

Wang Qiujiao

  • Wang Qiujiao directs two Singaporean companies: King Shine Capital and King Shine Consulting.
  • Her registered address is a condominium unit at New Futura, the same unit bought in 2018 for $10.2 million by Chen Qingyuan, another individual arrested during the Singapore raid. Notably, King Shine Capital also has a connection to Pinkee, where Chen Qingyuan is listed as a director.

Su Caihuang

  • Su Caihuang resides in the same unit at The Marq on Paterson Hill, which Wang Dehai allegedly purchased using ill-gotten gains.
  • She serves as the director of two Singaporean companies: Horizon Win and Horizon Win Management.

He Huifang

  • He Huifang, the wife of Wang Baosen, facing two money laundering charges, owns Hui Xia Technology Investment.
  • Assets worth over $18 million, including a black Toyota Alphard, bank accounts, and a property, have been seized or subjected to prohibition of disposal orders. These assets belonged to Wang Baosen, his wife, and Hui Xia Technology Investment.
  • He Huifang’s registered address is a condo in Tomlinson Road, where Wang Baosen was arrested on August 15th.

Su Lihong

  • Su Lihong directs two Singaporean companies: Lihong Investment Management and Lihong Investment.
  • Her registered residence is at 40 Belmont Road.

Conclusion

The money laundering probe continues to unravel intricate connections and financial intricacies. With assets worth millions seized and numerous individuals facing charges, this case highlights the significance of global cooperation in tackling financial crimes.

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