Purchased passports, shell companies: What affidavits reveal about the accused in the S$2.8b money laundering case

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The sworn statements by investigation officers also contain never-before-published passport photos.

Photos from the various passports of : Lin Baoying and Su Jianfeng and : Zhang Ruijin and Su Jianfeng.in a transnational money laundering probe involving S$2.8 billion in assets seized or frozen, with the accused returning to court for multiple bail reviews and further mentions.Despite a wanted notice issued by China in 2015 naming some of the accused, they managed to set up shop in Singapore, with some running alleged shell companies, from as early as 2019.

Assets seized from him or his wife: S$231 million in cash, bank accounts, cryptocurrency, real estate and vehiclesIn Commercial Affairs Officer Lye Jia He's two affidavits, he said investigations reveal that Su was involved in a remote lottery business operating from the Philippines. Su's parents live in China, while his wife has passports from China, Vanuatu and Saint Kitts and Nevis.According to the IO's affidavits, Su's overseas wealth is concentrated in Dubai, with a villa, two offices, rooms in condominiums or"hotel condominiums" and a bank account worth about S$12.1 million.

They have known each other for more than 10 years. Co-accused Su Haijin and Su Baolin are also her friends, by her own admission, the IO said.Lin, whose value of assets seized is among the highest of the 10 accused, has one Chinese passport that remains unaccounted for. Lin has a 15-year-old daughter who lives with a helper on Beach Road, in the same building as Lin's sister, Lin Xiaozhen.Lin's son is studying in the United Kingdom, and her parents live in China, while her siblings live in China and the United Arab Emirates.

He obtained citizenship and a passport from Saint Kitts and Nevis upon purchasing a property worth US$250,000 there, the IO said. Zhang is also friends with co-accused Su Haijin and played golf with Su Baolin, going on overseas vacations with the pair and their wives along with his lover Lin Baoying.Charges he faces: Two charges of laundering gambling proceeds by buying a unit in The Marq, possessing S$2.3 million in illegal gambling earnings

This comprises S$1.06 million in two houses in Xiamen, about S$2.9 million in a house in Cyprus, and more than S$10 million in Hong Kong bank accounts, ASP Lim said. His brother, Wang Shuiting, who is at large, is also wanted by Chinese and Singapore authorities, said Mr Teh.

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