SINGAPORE: The last of 10 individuals prosecuted in the S$3 billion (US$2.2 billion) money laundering case pleaded guilty in court on Friday (Jun 7).
Wang Dehai, 35, faced six charges, two of which are related to money laundering, while the rest are employment offences.
The Cypriot was nabbed with nine other foreigners during simultaneous raids islandwide in 2023.
On Aug 15, 2023, Wang had S$2,299,950 in cash that was suspected to be benefits from remote gambling offences. He failed to account for how he came by the money. He pleaded guilty to this charge, while the rest were taken into consideration for his sentencing.
Around Nov 29, 2019, Wang also used S$23 million to buy a unit at The Marq condominium near Orchard Road. These funds were also suspected to have been obtained through remote gambling offences and Wang failed to account for them.
The employment offences are for falsely representing himself as a brand manager and a business consultant for Craft Digital between 2018 and 2022 to obtain employment passes, and for hiring a housekeeper without a valid work pass.
Wang is the last individual in connection with the case to have pleaded guilty in court. The nine that came before him have had millions of dollars in assets, including luxury goods and properties, seized and surrendered.
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Wang Dehai, 35, faced six charges, two of which are related to money laundering, while the rest are employment offences.
The Cypriot was nabbed with nine other foreigners during simultaneous raids islandwide in 2023.
On Aug 15, 2023, Wang had S$2,299,950 in cash that was suspected to be benefits from remote gambling offences. He failed to account for how he came by the money. He pleaded guilty to this charge, while the rest were taken into consideration for his sentencing.
Around Nov 29, 2019, Wang also used S$23 million to buy a unit at The Marq condominium near Orchard Road. These funds were also suspected to have been obtained through remote gambling offences and Wang failed to account for them.
The employment offences are for falsely representing himself as a brand manager and a business consultant for Craft Digital between 2018 and 2022 to obtain employment passes, and for hiring a housekeeper without a valid work pass.
Wang is the last individual in connection with the case to have pleaded guilty in court. The nine that came before him have had millions of dollars in assets, including luxury goods and properties, seized and surrendered.
Continue reading...