Su Wenqiang was sentenced to 13 months in prison in Singapore for his involvement in a $2.1 billion illegal gambling ring. [Image: Shutterstock.com]
A Cambodian national has become the first person to be convicted in connection with a massive money laundering and illegal gambling ring worth 2.8 billion Singapore dollars (US$2.1 billion) in Singapore. Su Wenqiang was sentenced to 13 months in prison for 11 crimes.
The bulk of the charges – eight of them – involved laundering the proceeds of organized crime activities abroad. Other charges filed against Su, 32, included two counts of making false statements and one count of possessing a forged document.
Su was arrested in August 2023 along with nine other foreigners for running an online gambling business in the Philippines that attracted customers from other countries.
The seizures were worth about 6 million Singapore dollars (US$4.5 million).
Singapore police confiscated cash, two vehicles (including a Mercedes Benz AMG), jewelry, alcohol and other luxury items from Su. In total, the seizures were worth about 6 million Singapore dollars (US$4.5 million).
The illegal gambling operation involved individuals from Cambodia, China, Cyprus, Turkey and Vanuatu. It was mainly aimed at people in China.
