Update on Singapore's $3 billion money laundering case
The defendant in the $3 billion money laundering case, Ong Shui-Ming (43), pleaded guilty on May 14 at the National Court.
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Wang Shuiming, who was charged with the most crimes, pleaded guilty and voluntarily surrendered 180 million Singaporean dollars (about 960 million yuan) in assets seized by the Singapore police.
It is reported that Wang Shui Ming's seized assets totaled 199 million, and after communication with his lawyers, he finally agreed to forfeit 180 million of them.
When arrested by the Singapore police for money laundering, Wang Shuiming held a Turkish passport.