Zhang Ruijin, one of the defendants in Singapore's largest money laundering case, was sentenced to 15 months in prison for involving 36 million Singapore dollars

01/05 12:38

In Singapore's largest money laundering case involving S$3 billion, one of the defendants, Zhang Ruijin, pleaded guilty and was sentenced to 15 months in prison. Five people have been convicted in this case so far. Zhang Ruijin was involved in money laundering of about S$36 million, the most among the defendants convicted so far, and his sentence was the longest. The total value of Zhang Ruijin's assets seized was about S$131 million, including cash, real estate, vehicles and cryptocurrencies, of which about 90% were confiscated after the case was sentenced, including two houses worth S$16 million and S$15.5 million each owned by him and his mother in Pearl Island, Sentosa. Zhang Ruijin and nine other defendants in the same case were arrested in August last year, and five have been convicted so far. Among them, Su Baolin was sentenced to 14 months in prison, Su Wenqiang and Wang Baosen were sentenced to 13 months each, and Su Haijin was sentenced to 14 months. (Lianhe Zaobao)

Bullish

Bearish

More news about zhang ruijin singapore

Mar 04
HashKey Singapore and SlowMist officially signed a memorandum of cooperation in Singapore
Bullish
Bearish
Dec 17
US DOJ Charges Zhang and 3 Others For $80 Million Scam
Bullish
Bearish
Sep 06
Coinbase Singapore requires users to provide transaction partner information when depositing and withdrawing assets
Bullish
Bearish
Aug 14
HashKey Exchange: No large number of employees leaving, CEO Colin Zhang is still on the job
Bullish
Bearish
Jul 12
BNB Beacon Chain is expected to undergo a "Zhang Heng" upgrade on July 19
Bullish
Bearish
Jul 12
Zhang Dayong, former head of Ant Financial’s Southeast Asia market, joined HashKey Group as CCO
Bullish
Bearish
Jun 20
Sygnum Singapore Receives In-Principle License as a Major Payment Institution from the Monetary Authority of Singapore
Bullish
Bearish
Jun 07
Circle Singapore Receives Major Payments Institution License from Monetary Authority of Singapore
Bullish
Bearish
Mar 23
BCG Partner Yue Hong Zhang Confirmed to Attend "FORESIGHT 2023" Annual Summit
Bullish
Bearish
Sep 22
Scroll Lianchuang Zhang Ye: Scroll aims to establish an EVM-equivalent ZK Rollup, and the pre-Alhpa test network has been completed
Bullish
Bearish

Zhang Ruijin, one of the defendants in Singapore's largest money laundering case, was sentenced to 15 months in prison for involving 36 million Singapore dollars

More news about zhang ruijin singapore

More news about zhang ruijin singapore

AXS Singapore Collaborates with Triple-A to Accept Crypto Payments

Zhang Ping: Thoughts on developing my country’s digital financial technology base in the Web3.0 era

Coinlive Investigates: Zhang Yufeng AKA @Octopuuus

Affyn to Host Event in Collaboration with Grand Prix Singapore

Apes Ahoy in Singapore: BAYC-Themed Pop-Up Restaurant Coming Ashore

Blockchain Fest Singapore 2023 Wraps Up with Great Success

A Number of Renowned Speakers are Expected to Take Part in Blockchain Fest Singapore 2023

Singapore Crypto Group Pushes Back On MAS Proposed Token Lending Ban

2022 Meta Expo Singapore Web3 Summit

Zhang Dongwei: Preliminary Understanding of Web 3.0, NFT, Metaverse