Third accused in billion-dollar laundering case set to plead guilty

A THIRD individual accused in the billion-dollar money laundering case is set to plead guilty, court records on Thursday (Mar 28) showed.

Wang Baosen, who is facing two money laundering charges in Singapore relating to money from illegal remote gambling, is slated to admit his guilt at a mention on Apr 16.

The 32-year-old has been in remand since being charged last August. He was arrested at a condominium in Tomlinson Road in the Orchard area.

According to one of the charges, he took possession of a black Toyota Alphard Hybrid Elegance in 2022, which allegedly represents his benefits from criminal conduct.

Assets worth more than S$18 million have been seized or subjected to prohibition of disposal orders, including more than S$3.3 million in four bank accounts and one property worth S$14.8 million. 

The Chinese national’s court session comes after similar proceedings have been scheduled for Su Wenqiang on Apr 2 and for Su Haijin on Apr 4 to plead guilty.

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Su Wenqiang, 32, a Cambodian national, faces a total of 11 charges.

Su Haijin, 41, a Cypriot national and a former director of food and beverage player No Signboard Holdings, : 9I7 0% currently faces one charge of unlawfully evading arrest and another charge of money laundering. He has a further mention on Apr 1.

On Wednesday, another accused, Vang Shuiming, 43, was slapped with six new charges related to fraud and forgery, bringing the total counts that the Turkish national faces to 22.

A total of 10 accused persons, including these four, were rounded up and charged in Singapore’s biggest money laundering case.