He supervised illegal online gambling websites and funneled the money into Singapore through accomplices and crypto platforms.
SINGAPORE – Su Baolin, one of the 10 foreigners in Singapore’s largest money-laundering case, made millions from his role in illegal online gambling operations abroad, said prosecutors.
On April 29, Su was sentenced to 14 months’ jail after pleading guilty to three charges – two for money laundering and one for abetting false representations made to the Inland Revenue Authority of Singapore .The other 10 charges included forgery, making false declarations to the Ministry of Manpower and refusing to sign statements he made at Changi Prison. These were taken into consideration for sentencing.
On the day of Su’s arrest, police found about $777,220 cash in two safes in his good class bungalow in Nassim Road. He said Su was linked to an illegal gambling site, and had supervised online websites between 2019 and 2023, earning cryptocurrency worth $5 million to $6 million.From 2020 to 2022, as the director of a firm called Xinbao Investment Holdings, Su conspired with Wang Junjie to make inflated representations to Iras on the company’s financial situation.
Su’s lawyer, Mr Sunil Sudheesan, argued for a shorter jail term of 12 months and three weeks. He argued that the amounts involved in his client’s money-laundering charges were lower than those of two other accused, Su Haijin and Wang Baosen, who were convicted in April. Asking to let his client be releasedt to get treatment, the lawyer said: “He made a mistake, he has admitted to his actions, he accepts responsibility, and he has served his time.”The prosecutor added that the defence did not show how Su Baolin’s condition affected his ability to serve a prison sentence.
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