Zhang Ruijin, the defendant in Singapore's largest money laundering case, was sentenced to 15 months in prison, the longest term.

2024-05-01 12:25
According to BlockBeats, on May 1, according to Lianhe Zaobao, in Singapore's sensational 3 billion S$ money laundering case, one of the defendants, Zhang Ruijin (45 years old), was sentenced to 15 months in prison after pleading guilty. Zhang Ruijin is suspected of transferring 36 million S$ of criminal proceeds to his bank account in Singapore through a Hong Kong company and forging documents to deceive local banks. He was involved in the highest amount of money in this case, and the sentence he received is also the longest among the defendants in the case. Zhang Ruijin and nine other co-defendants 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 respectively, and Su Haijin was sentenced to 14 months. When sentencing, the judge said that considering that Zhang Ruijin's case was complicated, involved transnational crimes, and used forged documents to deceive banks, in order to maintain Singapore's reputation as an international financial center, the punishment must be sufficiently deterrent. However, given that he chose to plead guilty and cooperate with the investigation, he was given a lighter sentence.
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