There have been new developments in the massive money laundering case in Singapore.
One of the accused, Chen Qingyuan, was charged with six counts on Tuesday (February 20) morning, in connection with a $3 billion money laundering case. He is accused of forging and using forged documents to deceive Standard Chartered Bank, covering up the source of funds flowing into his girlfriend's bank account.
Originally scheduled for a pre-trial conference on Wednesday (February 21), the case involving $3 billion in money laundering saw Chen Qingyuan charged with six counts on Tuesday, including two counts of forging documents, two counts of using forged documents, and two counts of conspiring with his girlfriend, Wang Qiuqiao, to deceive the bank using forged documents.
Chen Qingyuan is the fifth defendant to be charged again after a gap of five months. The first four defendants were Su Baolin, Su Wenqiang, Su Jianfeng, and Wang Shuiming. Half of the defendants have now been charged with new offenses.
According to the latest charge sheet, Chen Qingyuan is accused of instigating someone to forge bank statements for two Chinese companies, Xiamen Yihong and Sunshine Coast, in July 2021.
In August 2021, Standard Chartered Bank requested details regarding two fund inflows into Wang Qiuqiao's bank account, totaling $3,042,556 and $100,000 (approximately $134,000).
Chen Qingyuan is accused of instigating someone to forge an income certificate and personal income tax bills issued by the Chinese authorities in September of the same year to deceive the bank.
Chen Qingyuan is also accused of conspiring with his girlfriend, Wang Qiuqiao, to forge income certificates for July 10 and 11, 2020, showing that the income was from the two aforementioned Chinese companies, and submitting the forged documents to Standard Chartered Bank before December 22, 2021.
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