SINGAPORE: A 45-year-old man linked to Singapore’s largest money laundering case was sentenced to 15 months' jail on Tuesday (Apr 30). Zhang Ruijin was also ordered
15 months' jail for fifth person linked to Singapore's largest money laundering case, longest jail term so far15 months' jail for fifth person linked to Singapore's largest money laundering case, longest jail term so far
Zhang's 15-month jail term - to be backdated by about eight months to the date of his arrest last August - is the harshest meted out so far in relation to the S$3 billion case. When the bank asked the accused to explain the source of the monies and provide documentary support, Zhang claimed that the funds came from him selling a property in Macau.Billion-dollar money laundering case: Third man jailed, bought luxury apartment with illegal proceeds
Zhang failed to satisfactorily account for his possession of this sum, which is reasonably suspected to represent benefits of criminal conduct, at least indirectly or in part. This became the subject of the third charge against him.
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