Money Laundering

Su Baolin

Assets seized: Over S$99M under his and his wife's names Cash: S$777,000 Bank accounts: S$33.7M Financial institutions involved: Bank of Singapore — creditor to his company Xinbao Investment; Standard Chartered — the bank he allegedly tried to cheat with Wang Qiming; Citibank — the bank he allegedly tried to cheat by faking his role as an executive director in ZhengJiang Chengnabaili Import & Export Properties: Seven Vehicles: A red Ferrari and five other vehicles worth S$4.9M in total Passports: Cambodia, China Others: 33 luxury bags and watches; 75 pieces of jewellery Other people involved: Wang Qiming, an ex-employee of Citibank, allegedly conspired with Su Baolin to cheat StanChart. Ma Ning, his wife and a witness. Se Liang, the person he is alleged to have an agreement with in a forged document he submitted to StanChart.

The laundry list

THE billion-dollar money laundering case that saw 10 foreign nationals nabbed in an islandwide blitz has seen assets involved balloon to S$2.8 billion. So far, at least 152 properties, 62 vehicles, S$2.21 billion in cash or in 35 bank accounts, 294 luxury bags, 164 watches, 546 pieces of jewellery and 68 gold bars have been seized or issued prohibition of disposal orders. BT takes a look at what has been seized from each accused.

By Megan Cheah

Lin Baoying

Assets seized: Over S$200M Cash: S$14M (collectively with Zhang Ruijin) Bank account: S$22M (collectively with Zhang Ruijin) Financial institutions involved: OCBC — she allegedly tried to cheat the bank with a forged document; Deutsche Bank — creditor to Golden Eagle Assets, where Lin and Zhang are directors Properties: Nine (collectively with Zhang Ruijin) Vehicles: Five (collectively with Zhang Ruijin) Passports: China, Dominica, Turkey

Su Haijin

Assets seized: Over S$170M from him and his wife Cash: S$2.1M Bank accounts: S$46.5M in total. A charge sheet referenced S$4M in a UOB bank account. Financial institutions involved: DBS — creditor to his company Aiqinhai Investment; UOB Properties: 13 Vehicles: Five Passports: Cyprus, China. Allegedly Cambodia, Turkey, Saint Lucia Others: Multiple ornaments; wine and liquor bottles. Overseas wealth from properties and a yacht is about S$19.5 million. He also has a 20 per cent stake in No Signboard.

Su Jianfeng

Assets seized: Over S$160M Cash: S$17M held in safe deposit boxes at Certis Cisco Security Bank accounts: Six with more than S$20M Financial institutions involved: Certis Cisco Security — cash was held here in safe deposit boxes Properties: 13 Vehicles: Four Passports: Vanuatu, China Others: 95 pieces of jewellery; 69 luxury bags and watches; two gold bars

Su Wenqiang

Assets seized: Combined value of S$2.6M Cash: S$601,706 Bank accounts: Over S$10M in eight related bank accounts Financial institutions involved: Two unnamed Vehicles: Two luxury cars including a Mercedes-Benz AMG C63S worth S$500,000 Passports: Cambodia, China Others: 14 luxury bags and watches; 11 pieces of jewellery; multiple bottles of liquor and wine

Vang Shuiming

Assets seized: Over S$200M Cash: Over S$962,000 Bank accounts: S$33M (Julius Baer), S$92M (Credit Suisse), S$2.6M (RHB), S$600,000 (UOB Kay Hian), HK$69,635.84 and S$1,181,665.32 (both UOB) Financial institutions involved: Julius Baer, Credit Suisse, RHB, UOB Kay Hian and UOB; Citibank — he had allegedly forged a China Merchant Bank document to cheat Citibank. Properties: Four. He also owns 10 units at Canninghill Piers and one unit at Park Nova, all under construction. Vehicles: Three Passports: Turkey, China, Vanuatu Others: Multiple bottles of liquor and wine; 36 luxury watches and bags Other people involved: Wang Shuiting, his brother. Both are wanted by Chinese authorities.

Wang Baosen

Assets seized: Over S$18.5M Cash: Over S$112,000 Bank accounts: More than S$3.3M in four accounts Financial institutions involved: Four unnamed Properties: More than S$14.8M in one property owned by his wife Vehicles: A black Toyota Alphard Hybrid Elegance worth S$284,000 Passports: China, Vanuatu Other people involved: He Huifang, his wife. Her company, Hui Xia Technology Investment, was allegedly set up solely for her to get an employment pass. Wang Baosen has a dependent's pass on his wife’s EP. Subject Y, his cousin who is on the run from authorities. Over S$100M of Y’s assets were frozen.

Wang Dehai

Assets seized: Over S$43M Cash: Over S$18M in a Singapore bank Bank accounts: Multiple bank accounts in foreign jurisdictions containing S$9.7M Financial institutions involved: Five unnamed Properties: Used S$23M to buy a unit at The Marq Vehicles: “Multiple properties and cars" under his and his wife's names worth S$49M Passports: Cyprus, China, Cambodia Others: 35 luxury watches and bags, 51 pieces of jewellery. He also appears to own shares in foreign companies worth S$3.4M

Zhang Ruijin

Assets seized: Over S$80M Cash: S$14M (collectively with Lin Baoying) Bank accounts: S$22M (collectively with Lin Baoying) Financial institutions involved: CIMB — he allegedly tried to cheat the bank with a forged document; Deutsche Bank — creditor to Golden Eagle Assets where Lin and Zhang are directors Properties: Nine (collectively with Lin Baoying) Vehicles: Five (collectively with Lin Baoying) Passports: China, St Kitts & Nevis Other people involved: Zhang Ruisheng, his elder brother and a witness. He was not allowed to see the accused in remand.

Chen Qingyuan

Assets seized: Over S$20M Cash: S$598,316, 2,510 yuan, NT$14,900, 24,000 yen, 81,000 Philippine pesos, HK$500, 200 pataca, US$2,854, RM320, 6,020 euros, 9,970 baht Bank accounts: Six with S$6.2M in total Financial institutions involved: Accounts with Citibank Properties: One Vehicles: Three luxury cars, including a white Land Rover Range Rover 4.4P LWB 530PS AWD Passports: Cambodia, China, Dominica Others: 23 pieces of jewellery; six luxury watches

Click thumbnails for more details

BTVisual: Hannah Kwah Illustrations: Celestino Gulapa

*Countries underlined are their reported nationalities