Singapore convicts first suspect in its biggest money laundering case, media reports

A Singapore court on Tuesday convicted the first defendant in its biggest-ever money laundering case, news outlet Channel News Asia reported.

The case has involved the seizure or freezing of $2.2 billion of assets. Defendant Su Wenqiang admitted to 11 charges of money laundering and taking proceeds from illegal remote gambling, the report said, adding he had yet to be sentenced.

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