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Singapore sends convicted money launderer to 13 months jail

Bloomberg
Bloomberg • 2 min read
Singapore sends convicted money launderer to 13 months jail
Su’s sentencing will mark the next chapter in a scandal that has ensnared the world’s largest banks
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The first person to plead guilty in Singapore’s record $3 billion money laundering case was sentenced to 13 months in jail.

Su Wenqiang’s sentence will be backdated to August last year, when he was arrested along with nine other foreigners during an island-wide raid. 

Su, 32, faced 11 charges including for forgery and laundering criminal proceeds. The prosecution on Tuesday proceeded with two after he consented to the rest being taken into consideration for sentencing. 

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