S$3bil money laundering accused offered jail time of 13 to 15 months after receiving 6 new charges

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S$3bil money laundering accused offered jail time of 13 to 15 months after receiving 6 new charges
MoneyLaunderingWang Baosen
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Among the six new charges that Wang Baosen faces is one charge of allegedly lying to the authorities during investigations. ST ILLUSTRATION

Deputy Public Prosecutor Foo Shi Hao told the court that the prosecution has communicated a plead guilty offer of between 13 and 15 months’ jail in total. He also allegedly told the police that monies in several bank accounts were loan repayments from his and his wife’s friends. Wang also allegedly made a false statement in 2019 while applying for a work pass, claiming he would be employed by a company named Tonta as an assistant marketing manager.

Wang previously told the police that he has overseas sources of income, including one million yuan of profits from his family’s tea plantation business in China between 2019 and 2023.

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Money Laundering Wang Baosen

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