Turkish national Vang Shuiming was charged for allegedly submitting a fake document to Citibank Singapore Ltd., while Cambodian national Su Baolin was charged for falsely claiming he was an executive director of a firm in a supporting document to the US bank. Meanwhile, two Chinese nationals, Zhang Ruijin and Lin Baoying, were charged for seeking to cheat CIMB Bank Bhd. about their ownership and sale of a property in Macau.
Citigroup Inc.’s Singapore subsidiary and CIMB Group Holdings Bhd are among the banks affected by a major money laundering case in the city-state involving about $1 billion of assets.
The two lenders were used in 2020 and 2021 by some of the foreign nationals who were arrested in raids this week across the country, according to charge documents seen by Bloomberg News.
