Singapore Launderer Charged With Cheating StanChart
More charges have been issued to one of the 10 arrested in Singapore’s largest money laundering case.
Zhang Ruijin, one of the 10 arrested in Singapore’s $2.2 billion money laundering scandal, faces five more charges, according to a «Straits Times» report citing court proceedings.
One of the charges involves the alleged use of a forged document to cheat Standard Chartered. The four other charges involve alleged possession of HK$208 million ($27 million) which represents benefits of criminal conduct.
Total Charges
In total, Zhang, 45, was issued eight charges with three others handed in August 2023 involving forged documents to cheat Malaysia-headquartered CIMB Bank. He was first arrested with his lover Lin Baoying.
Thus far, three of the 10 arrested individuals – Su Wenqiang, Su Haijin and Wang Baosen – have been convicted and pleaded guilty over various charges including money laundering. A sum of 40 months in jail time has been sentenced to the three.
