Additionally, OCBC is looking to repossess two property units connected to the case
SINGAPORE: OCBC has filed a number of claims in the High Court for more than S$6 million. The claims relate to foreign nationals with possible ties to the S$3 billion money laundering case that made local and international headlines last year.reported that the bank is seeking around S$2.4 million from Xu Haika and Wu Yamei for two three-bedroom units they had purchased on the 43rd floor of South Beach Residences and for interest on these properties.
Hu Chengmei has ties with Su Haijin, another convict in the money laundering case. The two men are shareholders of Su Zigen Chengmei, a Cambodian company. He was also a shareholder along with Su Haijin at another company called SG-Gree. Chua Choon Hong, senior director and head of Moody’s financial crime practice group for Asia-Pacific and the Middle East, said that the city-state may be susceptible to higher risks of money laundering, in large part due to Singapore’s high volume of global transactions and its open economy.
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