Su Wenqiang was sentenced to 13 months in prison in Singapore for his involvement in a $2.1 billion illegal gambling network. [Image: Shutterstock.com]
A Cambodian national is the first person to be convicted in connection with a massive S$2.8 billion (US$2.1 billion) money laundering and illegal gambling ring in Singapore. Su Wenqiang was sentenced to 13 months in prison on 11 criminal charges.
The bulk of the charges – eight of them – related to laundering the proceeds of organized crime activities abroad. The rest of the charges against 32-year-old Su included two counts of false declaration and one count of possession of a forged document.
Su was arrested in August 2023 along with nine other foreign nationals for running a remote gambling business in the Philippines that attracted clients from other countries.
The value of the seizures was approximately 6 million Singapore dollars (4.5 million US dollars).
Singapore Police seized cash, two vehicles (including a Mercedes-Benz AMG), jewellery, alcohol and other luxury items from Su. In total, the value of the seizures was approximately S$6 million (US$4.5 million).
The illegal gambling operation involved people from Cambodia, China, Cyprus, Turkey and Vanuatu. It mainly served people in China.
