Su Baolin
Assets seized: Over S$72M; around S$65M forfeited to the state
Cash: S$778,231.50; around S$99,000 in foreign currencies
Bank accounts: S$22.4M
Financial institutions involved:
Bank of Singapore — creditor to his company Xinbao Investment;
Standard Chartered — the bank he tried to cheat with Wang Qiming;
Citibank — the bank he tried to cheat by faking his role as an executive director in ZhengJiang Chengnabaili Import & Export;
RHB — has bank accounts for his company Xinjiamei Investment;
OCBC — has bank accounts under his name, his wife's name and for his company Xinjiamei Investment;
UOB Kay Hian — has an account under his name;
Properties: Seven worth over S$30M; his wife also generated rental income from three apartments in Orchard
Vehicles: A red Ferrari and five other vehicles worth S$3.1M, including brands such as Toyota, Rolls-Royce and Bentley
Passports: Cambodia, China
Others: 33 luxury bags and watches worth S$2.4M; jewellery worth S$2.1M; luxury watches; country club memberships to Sentosa Golf Club and Tanah Merah Country Club; cryptocurrencies worth S$2.5M
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.
Wang Junjie, a former qualified individual at registered filing agent LW Business Consultancy, who helped him to forge
Sentence: 14 months' jail, backdated to Aug 15, 2023.
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 more than S$3 billion.
So far, at least 207 properties, 77 vehicles, S$2.21 billion in cash or in 35 bank accounts, 483 luxury bags, 169 watches, 580 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;
CIMB — she allegedly tried to cheat the bank with a forged document
Properties: Nine (collectively with Zhang Ruijin)
Vehicles: Five (collectively with Zhang Ruijin)
Passports: China, Dominica, Turkey, Cambodia
Su Haijin
Assets seized: Over S$170M; around S$165M was forfeited to the state
Cash: S$2.1M
Bank accounts: S$46.5M in total, including S$2.4M (OCBC), S$438.942.20 (DBS) and S$999,920 (UOB) in accounts for his company Yihao Cyber Technologies.
Financial institutions involved:
He has accounts with DBS, OCBC, UOB, Standard Chartered Bank, UOB Kay Hian and Citibank for himself, his wife and his companies Aiqinhai Investment, Culbert Worldwide, Yihao Investment Holdings and Yihao Cyber Technologies
Properties: 13 owned by him, his wife and his companies.
Vehicles: Seven worth S$3.4M, including brands such as Ferrari, Toyota and Rolls-Royce.
Passports: Cyprus, China. Allegedly Cambodia, Turkey, Saint Lucia.
Others:
Luxury items such as watches worth S$19M, and Hermes and Chanel bags worth S$2.8M;
Multiple ornaments and plates;
Over 700 wine and liquor bottles;
69 Bearbricks collectibles
He also has overseas wealth from properties and a yacht is about S$19.5 million.
He owns a 20 per cent stake in No Signboard.
Sentence: 14 months' jail, backdated to Aug 15, 2023
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;
Bank of Singapore — submitted forged annual reports of a company, Xiamen Zhou Hang Mao Yi You Xian Gong Si;
Standard Chartered Bank — submitted forged annual reports of a company, Xiamen Zhou Hang Mao Yi You Xian Gong Si;
OCBC — submitted forged documents to explain multiple deposits;
Maybank Singapore —submitted forged documents to explain multiple deposits
Properties: 13
Vehicles: Four
Passports: Vanuatu, China
Others: 95 pieces of jewellery; 69 luxury bags and watches; two gold bars
Other people involved:
Chen Qiuyan, his purported wife. The forged annual reports were meant to show she had legitimate sources of wealth.
Su Wenqiang
Assets seized: Combined value of over S$5.9 million
Cash: S$601,706
Bank accounts: Over S$10M in eight related bank accounts
Financial institutions involved:
Citibank - Bank account that received around S$5M between Sep 9 to Sep 20, 2021
One unnamed
Vehicles: Two luxury cars including a Mercedes-Benz AMG C63S worth S$502,431
Passports: Cambodia, China, Vanuatu
Others: 16 luxury bags and watches; 11 pieces of jewellery; at least 30 bottles of Kweichow Moutai and 12 bottles of 18 years Macallan
Scotch Whiskey.
Sentence:
13 months' jail, backdated to Aug 15, 2023
Vang Shuiming
Assets seized: Over S$200M; around S$180M forfeited to the state
Cash: Over S$962,000
Bank accounts:
Over S$122.1M in bank accounts at Julius Baer, UOB, RHB Singapore, Credit Suisse Singapore, Maybank Singapore, Citibank and Standard Chartered Bank
Financial institutions involved:
Julius Baer, Credit Suisse, RHB, Maybank Singapore, Standard Chartered Bank, UOB Kay Hian and UOB; Citibank — he had allegedly forged a China Merchant Bank document to cheat Citibank.
Properties: Four apartments in Beach Road. He also owns 10 units at Canninghill Piers in Clarke Quay and one unit at Park Nova at Tomlinson Road, all under construction.
Vehicles: Three – a Toyota Alphard, a Rolls-Royce Phantom and a Bently Flying Spur
Passports: Turkey, China, Vanuatu
Others: Multiple bottles of liquor and wine; over 30 luxury watches and bags
Other people involved:
Wang Shuiting, his brother. Both are wanted by Chinese authorities.
Wang Ruiyan, his wife. Some assets seized are under her name.
Sentence: 13 months and six weeks’ jail, backdated to Aug 15, 2023
Wang Baosen
Assets seized: Over S$8M
Cash: Over S$112,000
Bank accounts: More than S$3.3M in four accounts
Financial institutions involved: He and his wife have bank accounts with OCBC, DBS, HSBC and Maybank with more than S$3M in total
Properties: More than S$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, Huixia 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.
Sentence: 13 months' jail, backdated to Aug 15, 2023
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, a condominium at Paterson Hill
Vehicles: “Multiple properties and cars" under his and his wife's names worth S$49M
Passports: Cyprus, China, Cambodia, Vanuatu
Others: 35 luxury watches and bags, 51 pieces of jewellery. He also appears to own shares in foreign companies worth S$3.4M
Other people involved:
Su Yongcan, his brother-in-law, who is on the run.
Wang Huoqiang, his cousin, who is on the run.
Zhang Ruijin
Assets seized: Over S$131M; around S$118M forfeited to the state
Cash: S$14.6M
Bank accounts: S$22M (collectively with Lin Baoying)
Financial institutions involved:
CIMB — he tried to cheat the bank with a forged document;
Standard Chartered Bank — he tried to cheat the bank with a forged document;
Deutsche Bank — creditor to Golden Eagle Assets where Lin and Zhang are directors
Properties: Five
Vehicles: Three Rolls-Royce cars worth S$6.2M.
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.
Li Liansheng, an individual who helped Zhang obtain forged documents.
A person only known by their surname Xu, who owned one of the forfeited properties in Zhang's case.
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
Standard Chartered Bank - he allegedly attempted to submit forged documents
Properties: At least one seized. Total worth S$10.1M.
Vehicles: Three luxury vehicles worth S$2.2M, including a white Land Rover Range Rover 4.4P LWB 530PS AWD
Passports: Cambodia, China, Dominica
Others: 23 pieces of jewellery; six luxury watches; cryptocurrencies worth S$1.8M
Other people involved: Wang Qiujiao, his girlfriend and a witness. Some assets under her name were seized.
Click thumbnails for more details
BTVisual: Hannah Kwah
Illustrations: Celestino Gulapa
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities
*Countries underlined are their reported nationalities