• 2021 - Authorities were first alerted to the money laundering scheme. • 16 August 2023 - The 10 accused in this case are charged in court. • 2 April 2024 - 32-year-old Su Wenqiang pleaded guilty to 2 money laundering charges. He was also the first of the 10 accused to plead guilty. He was sentenced to 13 months in jail and also forfeited assets worth over $5.9 million to the state. Two days after his sentencing, the
ICA confirmed that Su would be deported after his release from prison and also be banned from re-entering Singapore. • 4 April 2024 - 41-year-old Su Haijin pleaded guilty to one charge of resisting arrest and two money laundering charges. He was also the second of the 10 accused to plead guilty. He was sentenced to 14 months in jail and also forfeited assets worth over $165 million to the state. • 16 April 2024 - 32-year-old Wang Baosen pleaded guilty to two charges of money laundering. He was the third of the 10 accused to plead guilty. He was sentenced to 13 months in jail and also forfeited assets worth over $8 million to the state. • 29 April 2024 - 42-year-old Su Baolin pleaded guilty to one count of falsifying his representations to the
Inland Revenue Authority of Singapore (Iras) and two counts of money laundering. He was sentenced to 14 months in jail and also forfeited assets worth over $65 million to the state. • 30 April 2024 - 45-year-old Zhang Ruijin pleaded guilty to one money laundering charge and two forgery charges. He was sentenced to 15 months in jail and also forfeited assets worth over $118 million to the state. • 14 May 2024 - 43-year-old Vang Shuiming pleaded guilty to two counts of money laundering and one count of submitting a forged document to a bank. He was sentenced to 13 months and six weeks in jail and also forfeited assets worth over $180 million to the state. • 23 May 2024 - 34-year-old Chen Qingyuan pleaded guilty to one count of forgery and two counts of money laundering. He was sentenced to 15 months in jail and also forfeited assets worth over $21.3 million to the state. • 30 May 2024 - the only female defendant of the case, 44-year-old Lin Baoying pleaded guilty to one count of money laundering and two counts of submitting a forged document to a bank. She was sentenced to 15 months in jail and also forfeited assets worth over S$153 million to the state. • 6 June 2024 - 36-year-old Su Jianfeng became the ninth person to be convicted after pleading guilty to money laundering and forgery. The prosecution sought a sentence of 17 to 18 months’ jail, stating that the intention of pleading guilty came only at the latest stage after eight of the offenders were sentenced, and it was not a sign of true contrition or remorse coming from Su, whose case had spent a considerably large number of public resources, and no discount should be given to Su in terms of his sentence given the lateness of his plea of guilt. His sentencing was adjourned to 13 June 2024. • 7 June 2024 - the tenth and final accused, 35-year-old Wang Dehai, pleaded guilty to one count of money laundering. Wang, who was Su Wenqiang's cousin, was sentenced to 16 months in jail and also forfeited assets worth over $49 million to the state. • 13 June 2024 - Su Jianfeng was sentenced to 17 months in jail, the longest sentence meted out by the courts in this present case. He also forfeited assets worth over $178.9 million to the state. • 15 August 2024 - 2 ex-bank employees and a former driver of one of the wanted, Su Binghai, are charged in court. • 18 November 2024 - 15 of the 17 people still wanted by the
Singapore Police for their involvement in this money laundering case agreed to surrender $1.85b in assets. This is in addition to $944 million in assets previously surrendered by the 10 who were convicted and jailed, taking the total value of assets surrendered to $2.8 billion. Those suspects were also banned from entering Singapore. • 4 July 2025 - The
Monetary Authority of Singapore (MAS) imposes S$27.45 million in penalties on nine financial institutions for breaches of
AML requirements in relation to the case. ==Deportation of the convicts==