Sentosa mansion, luxury car forfeited as Singapore widens S$3b laundering crackdown
SINGAPORE, Oct. 20 -- The brother of Zhang Ruijin - one of 10 foreigners convicted in the S$3 billion (RM9.6 billion) money laundering case - has been sentenced to 12 months' jail for possessing over S$17 million in criminal proceeds.
Zhang Ruisheng, 54, was found guilty on Monday (October 19) and agreed to forfeit his property at Sentosa, 69 Cove Drive, valued at around S$10 million.
He also surrendered his Toyota Vellfire, a high-end luxury multi-purpose vehicle valued at around S$400,000, according to SgCarMart.
Ruisheng, a Chinese national, was in Singapore on a work pass under Golden Eagle Family Office as an "employment adviser".
Golden Eagle's directors were his younger brother Ruijin and Ruijin's wife, Lin Baoying, CNA reporte...
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