$2.8b money laundering accused is IT company CEO but does not know where office is: DPPs

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Investigations show firm is a shell company, prosecutors said. Read more at straitstimes.com.

claims to be the chief executive officer of a computer support firm, but does not even know where his office is.

They added that as at Aug 15, which was when Su and nine others were arrested for their suspected involvement in this money laundering case, An Xing Technology only had a single corporate bank account which was largely dormant. They said: “According to the accused, this mysterious Ah Ler would be able to ‘attest to the source of funds’. This is glaringly vague.”Referring to the affidavit written by the investigation officer in Su’s case, the DPPs said no details were provided about the whereabouts, background or contact information of Ah Ler. In fact, investigations showed there was no evidence to suggest that Ah Ler exists.

SIO Lim said that after working as a customer service employee, the Cypriot national became a promoter, which involved posting advertisements for online gambling on popular websites. SIO Lim said evidence showed the money in both charges can be linked to such illegal remote gambling operations that he was allegedly involved in overseas.

 

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