Chinese national Wang Baosen, one of the 10 foreigners involved in a $3 billion money laundering case, has received six new charges including lying to the authorities and money laundering.
Among the six new charges that Wang Baosen faces is one charge of allegedly lying to the authorities during investigations.SINGAPORE — One of the 10 foreigners in the $3 billion money laundering case received six more charges on April 11, five days before he is scheduled to plead guilty.
Wang's lawyer, Favian Kang from Adelphi Law Chambers, confirmed to District Judge James Elisha Lee that his client still intends to plead guilty on April 16. Wang allegedly instigated his wife, He Huifang, to submit a forged loan agreement to HSBC on May 25, 2023, as a supporting document for him receiving $599,965 in an HSBC bank account.This sum was alleged proceeds from illegal remote gambling. Wang was charged with possessing the money, and for using another $1.4 million in criminal proceeds to pay 10 per cent of the purchase price of the Park Nova unit on March 30, 2022.
At a bail mention in September 2023, a CAD officer revealed in an affidavit that a company was set up for the main purpose of helping Wang's wife obtain an employment pass in Singapore.Wang said in his affidavit that the couple, along with their two daughters, moved to Singapore in 2022. Assets worth more than $18 million have been seized or been subjected to prohibition of disposal orders relating to Wang Baosen's case. The orders mean that they cannot be sold by him.
Money Laundering Charges Wang Baosen Investigations Guilty Plea
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