Lin, 44, faced 10 charges and pleaded guilty to three charges.
SINGAPORE - Chinese national Lin Baoying, the only woman to be charged in Singapore’s largest money laundering case, was sentenced to 15 months’ jail on May 30.They included two charges of using as genuine a forged document and one money laundering charge.Of the 10 foreigners arrested in August 2023 followingLin is the eighth person to be sentenced.
The prosecutor said Lin had instructed her assistant to obtain the false sale and purchase agreement to satisfy CIMB’s request to explain the source of a deposit made to her bank account.After another deposit was made to her UOB Kay Hian account on Aug 11, 2020, the stockbroking arm of UOB requested through her trading representative that she explain the source of the deposit and provide supporting documentation.
During police investigations, Lin admitted the funds came from an unregistered gambling operation in another jurisdiction.askST: Are sentences in $3 billion money laundering case short relative to the sums involved? Mr Chew added that Lin is a single mother of two children, and had come here to build a life for them.
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