18-8-2023 (SINGAPORE) Singapore recently witnessed one of its most significant anti-money laundering operations, leading to the arrest of ten individuals. Among them was Su Haijin, a Cypriot national, who resided in a luxurious good class bungalow (GCB) in Ewart Park. The extravagant property boasted amenities like a golf simulator and a high-end karaoke room, reflecting the opulent lifestyle Su enjoyed. While the monthly rent for the GCB was an astounding $80,000, Su had previously rented a unit at Silversea condominium in Marine Parade in 2017.
In 2019, Su, along with his wife and three children, moved into a duplex penthouse at Gramercy Park on Grange Road. He was also connected to the acquisition of three units in the same upscale development. The family’s affluence continued to grow as Su’s wife gave birth to their fourth child earlier this year. Despite having his listed address at an apartment in Gramercy Park, Su was apprehended at the sprawling bungalow in Ewart Park during the police raid. Reports suggest that he attempted to escape by jumping out of a window but was eventually found hiding in a nearby drain and taken into custody.
The lavish residence featured a swimming pool, a golf putting green, a basement with a movie and karaoke room, and a dining area equipped with built-in hotpot holders for steamboat meals.
Frequent gatherings and parties were common occurrences at Su’s residence, with dedicated staff, including bartenders, attending to the guests. The recent operation, targeting money laundering activities, resulted in the seizure, freezing, or prohibition of disposal of cash and assets amounting to approximately $1 billion. All ten individuals arrested, including Su Haijin and his older brother Su Baolin, were charged with various offenses related to money laundering. It is worth noting that several of the arrested individuals were found to be related by blood or marriage, originating from Fujian in eastern China.
Su Baolin, a 41-year-old with a Cambodian passport, was arrested during the raid on a GCB in Nassim Road, where he resided. He faced charges of using a forged document to deceive Citibank. Records from the Accounting and Corporate Regulatory Authority (Acra) revealed that Su Baolin held positions as a shareholder and director in Sg-Gree, an electrical appliance manufacturing company. The police seized a substantial amount of cash, luxury bags and watches, jewelry, and other items from his residence.
Another couple, Zhang Ruijin and Lin Baoying, both Chinese nationals, were apprehended at a bungalow in Pearl Island, Sentosa Cove. Zhang, a director of Golden Eagle Family Office, was charged with forging a document to deceive CIMB Bank. Lin, on the other hand, held shares in Ban Tian Yao Catering Management and Eagle77, both of which offered management consultancy services. The police confiscated cash exceeding $7.6 million from their residence, in addition to issuing prohibition of disposal orders for multiple properties and vehicles valued at over $106 million.
The operation also led to the arrest of Su Jianfeng, a Vanuatu national and shareholder of Ricco, a wholesale and distribution company. Su Jianfeng faced money laundering charges and was apprehended at a GCB in Third Avenue, Bukit Timah. The police confiscated over $1.4 million in cash, various currencies, jewelry, luxury bags, watches, and other items from his residence.
Chen Qingyuan, a Cambodian national and director of HiCloud Technology, a business specializing in cloud solutions and services, was arrested at a condominium in Leonie Hill Road, River Valley. Chen was found in possession of foreign passports believed to be issued by China and the Dominican Republic. The authorities charged him with money laundering.
Su Wenqiang, a 31-year-old Cambodian national, was apprehended at a GCB in Lewis Road, Bukit Timah. He was found with a foreign passport believed to be issued by China. Police seized cash exceeding $600,000 and 11 pieces of jewelry from his residence. Additionally, individuals Wang Baosen, a Chinese national with a passport from Vanuatu, and Wang Dehai, a Cypriot national with passports from Cambodia and China, were arrested, but no Acra records were found for them.
Vang Shuiming, also known as Wang Shuiming, served as the director and shareholder of Zhuo Chi Technology. An Acra search revealed his previous association as a shareholder of Ming Xin (Singapore) Technology, which was struck off in 2021. Vang, a Turkish national with passports from Vanuatu and China, was arrested at 7B Bishopsgate in the Tanglin area. Witnesses reported seeing a significant police presence during the operation, with multiple unmarked cars and individuals dressed in black. The property, a sprawling four-story GCB, featured a modern facade and a basement
