SINGAPORE: Two former bank relationship managers were charged in court on Thursday (Aug 15) over helping the money launderers in the billion-dollar case of dirty money converted to wealth held in Singapore.
This comes after all 10 offenders in the original money laundering case have finished their sentences and been deported to various countries.
The men freshly charged are: Bank relationship managers and Chinese nationals Wang Qiming, 26, and Liu Kai, 35.
Wang was given 10 charges, including forgery, money laundering and obstructing justice.
He allegedly held S$481,678 in laundered cash for Su Baolin and forged a loan document to cheat the bank he was working for into allowing a deposit of nearly S$1 million into Vang Shuiming’s account.
Liu was a relationship manager at Bank Julius Baer & Co, which counted Lin Baoying amongst its clients.
He allegedly helped her submit a forged Chinese tax document to the bank sometime before Nov 24, 2020, to help Lin open an account in Switzerland.
A third man is set to be charged. The man was the personal driver to Su Binghai, who is at large and wanted by Singapore police for his alleged role in the money laundering scheme.
He allegedly disposed of four vehicles left in his possession by Su, and lied to the police.
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This comes after all 10 offenders in the original money laundering case have finished their sentences and been deported to various countries.
The men freshly charged are: Bank relationship managers and Chinese nationals Wang Qiming, 26, and Liu Kai, 35.
Wang was given 10 charges, including forgery, money laundering and obstructing justice.
He allegedly held S$481,678 in laundered cash for Su Baolin and forged a loan document to cheat the bank he was working for into allowing a deposit of nearly S$1 million into Vang Shuiming’s account.
Liu was a relationship manager at Bank Julius Baer & Co, which counted Lin Baoying amongst its clients.
He allegedly helped her submit a forged Chinese tax document to the bank sometime before Nov 24, 2020, to help Lin open an account in Switzerland.
A third man is set to be charged. The man was the personal driver to Su Binghai, who is at large and wanted by Singapore police for his alleged role in the money laundering scheme.
He allegedly disposed of four vehicles left in his possession by Su, and lied to the police.
Continue reading...