SINGAPORE — The man who was last among the 10 suspects in the $3 billion money laundering case to indicate he wanted to plead guilty was on June 6 convicted of money laundering and forgery. Vanuatu national Su Jianfeng, who pleaded guilty to two charges, has agreed to forfeit $178.9 million of his seized assets to the state. Another 12...
Su Jianfeng's money laundering charge pertains to him possessing $550,903 in cash believed to be illicit benefits from his gambling offences.SINGAPORE — The man who was last among the 10 suspects in the $3 billion money laundering case to indicate he wanted to plead guilty was on June 6 convicted of money laundering and forgery.
The prosecution said Su joined the operation some time in 2013, initially working from Kuala Lumpur in Malaysia before moving to Manila in the Philippines.Su's money laundering charge pertains to him possessing $550,903 in cash believed to be illicit benefits from his gambling offences. The cash was seized from a safe in his bedroom when he was arrested in August 2023.
Su indicated that he wanted to plead guilty about four months after the first accused person in the case did so. DPP Soh added that because of the lateness of Su's plea of guilt, considerable public resources were spent on his case. Senior counsel N. Sreenivasan sought 14 to 15 months' jail for his client, saying Su forfeited more than 10 times the amount of money involved in his eight money laundering charges.
As for Su's involvement in illegal gambling operations, the lawyer said his client was not involved in any decision-making and acted on the instructions of his principal.
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