SINGAPORE — One of the 10 people charged in Singapore's largest money-laundering probe may face additional forgery charges for allegedly submitting forged documents to banks to hide the source
may face additional forgery charges for allegedly submitting forged documents to banks to hide the source of funds received in his accounts.may face additional forgery charges for allegedly submitting forged documents to banks to hide the source of funds received in his accounts.
He was arrested on Aug 15 in a Good Class Bungalow along Third Avenue near Bukit Timah. His wife is also a witness in investigations, according to past court hearings. These forged documents include"falsified sales contracts, loan agreements and annual reports to banks, as supporting documents of the source of the monies received in Singapore bank accounts belonging to him and his wife".
"I do not believe this is accurate," IO Lye said, pointing out that based on investigations, Su's primary source of wealth is his earnings from unlawful remote gambling offences.IO Lye said the police have not been able to verify the authenticity of property transactions, which appear to have occurred in Dubai, and Su also did not provide any"credible evidence" of his employment with the real estate brokerage.
"He also could not provide any documents showing his employment or work done. It is therefore plain that the accused has little to no involvement in the company, or if the company is even a going concern." "In particular, I note that there were no deposits in the CIMB account between May 2, 2023 and Aug 31, 2023 ," he said."Instead, there were only large withdrawals being made which depleted the CIMB account."
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