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Chitchat Money Launderers are Hokkiens! Anyhow Wack 20 Units at Canning Hill Piers in 2022!

Pinkieslut

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Fujian suspect in S$1 billion money-laundering case allegedly bought 20 CanningHill Piers units for S$85 million last year​


yeeloon
ByYeeloon

17 August 2023

IN
CrimeSingapore
1


canning-hill3-tile.jpg
(LEFT) one of the suspect allegedly acquired 20 units in bulk at CanningHill Piers for an estimated S$85 million in June last year; (RIGHT) Su Baolin, a 41-year-old Cambodian national, reportedly paid S$39.33 million for a Sentosa Cove bungalow in April 2021.
SINGAPORE: On Wednesday (16 Aug), the Singapore Police Force (SPF) announced a raid involving over 400 officers across the island in a crackdown on money laundering and forgery activities, resulting in the historic seizure of assets amounting to roughly S$1 billion (US$736 million), which shocked the entire Island.
Ten individuals, with diverse nationalities but a common Fujian heritage, were arrested and charged for forgery, money laundering, and resisting arrest.
The identities of these detainees were revealed by local Chinese media outlets. Among them, there is a wide range of nationalities represented, including Cypriot, Turkish, Chinese, Cambodian, and Ni-Vanuatu.
In addition, a dozen others are actively cooperating with the ongoing investigations, while another eight individuals remain on the police’s list of wanted suspects.
In a statement, SPF affirmed, “These persons are believed to have connections among themselves. All the persons involved are neither Singapore citizens nor permanent residents.”
Earlier, a X (formerly Twitter) post revealed that large sums of money were funneled into Citibank accounts by dozens of Fujianese individuals using underground banks.
It was said that the Commercial Affairs Department (CAD) had established a covert task force more than three months prior, with a primary focus on the activities of Chinese nationals from Fujian province.
The SPF unveiled that this particular group is suspected of laundering the proceeds derived from their organized criminal activities abroad, spanning from scams to online gambling enterprises.
Shockingly, it appears that some of the arrested suspects had been in Singapore for an extended period, dating back as early as 2021.
Lianhe Zaobao reported that among these arrested, there is alleged involvement of a Chinese national from Fujian who, in June of the previous year, acquired 20 units in bulk at CanningHill Piers for an estimated S$85 million.
The 20 units that were bought a few days ago include 10 3-room flats priced between $3.1 million and $3.3 million, and ten 4-room units priced between $5.3 million and $5.6 million.
Zaobao reported that the money used to pay for the units was transferred from Indonesia into Singapore, according to industry sources familiar with the deal.

One of the arrested, Su Baolin, paid S$39.33 million for a Sentosa Cove bungalow in April 2021

Among the arrested suspects on 15 August is Su Baolin, a 41-year-old Cambodian national, who is currently facing charges related to the use of forged documents.
In April 2021, Su reportedly paid S$39.33 million for a Sentosa Cove bungalow with a sea-facing view.
A search on Facebook source revealed that Su, originally from Xiamen City in Fujian Province, possesses Cambodian citizenship and holds stakes in two Singapore-incorporated companies, one in software development/programming and the other in e-commerce.
xiamen.jpg

Su’s website describes him as a “Visionary entrepreneur in E-commerce and IT Solutions”

A search for Su’s company, Xinbao Investment, revealed that the website has already been taken down.
However, utilizing the online archive Wayback machine, Gutzy managed to access the original introduction that was posted on Su’s company website.
The excerpt concerning Su is as follows:
“Mr Su Baolin, the founder of Xiamen Xinbao Investment Holdings (厦门新宝投资控股) and Meinin E-Commerce (美宁电子商务), possesses a rich background in e-commerce and IT solutions.
He has engaged in numerous financial and real estate investments in Southeast Asia.
Meinin E-Commerce, one of the core founding members in China, commenced operations in Xiamen in 2009.
It is an e-commerce supply chain service company that integrates online sales, internet marketing, brand representation, as well as related warehousing and logistics distribution.
Subsequently, Su Baolin established Xinbao Investment Holdings in Singapore, personally leading individuals from various walks of life into successful ventures in the next phase of business. He has also diversified his investment portfolio through various means.
A steadfast believer in entrepreneurial spirit and an active investor, Mr Su remains committed to these principles.”
According to a police statement, Su was arrested on Tuesday at a Good Class Bungalow (GCB) located on Nassim Road, during which he was purportedly discovered with a foreign passport suspected to have been issued by China.
Items confiscated during the operation encompassed cash exceeding S$777,000, along with 33 luxury bags and watches, as well as 75 pieces of jewellery.
Police authorities have subsequently frozen three associated bank accounts, with a collective balance surpassing S$2.4 million.
su-bao-lin2.jpg

Fujianese Cypriot suspect alleged to have sponsored President’s charity golf tournament

Meanwhile, as reported by the Singapore-based online Chinese media outlet “Singapore Eyes” (新加坡眼), they claim to have had prior interactions with Su Haijin, a 40-year-old Cypriot national who is also among the ten arrested individuals from Tuesday’s operation.
According to the source, Su Haijin communicates with a distinctive Southern Min (闽南) accent, a dialect commonly spoken in Fujian.
The post disclosed that Su resides in an upscale mansion within Ewart Park in Bukit Timah and is the owner of a Rolls-Royce, which serves as his means of transportation.
Allegedly, the market value of Su’s mansion exceeds S$80 million. Given his foreign status, it is speculated that a rental arrangement is more plausible than an outright purchase.
Reportedly, Su Haijin actively engages in social activities, having purportedly sponsored the Singapore President’s Charity Golf Tournament. He also offers support to various associations, and in return, he has been honoured with the title of honorary chairman.
Su was charged with one count of resisting arrest, in which the police statement indicated that during the arrest, officers outside Su’s bedroom identified themselves and instructed him to open the door.
Su then allegedly leapt from the second-floor balcony of his GCB and was later found by the police hiding in a drain. The jump resulted in fractures to his hands and legs, and he was taken to the hospital while conscious.
On the flip side, The Singapore Eye reported that another suspect, Vang Shuiming, a 42-year-old Turkish national, whose surname might potentially be Wang (王).
It is noted that he was reportedly sought by Chinese authorities within the country last year.
In May 2022, the Bosan (博山) Sub-Bureau of the Zibo (淄博) Municipal Public Security Bureau in China effectively dismantled a network group involved in the development and maintenance of profit-oriented gambling websites, applications, and online gambling platforms.
This network group not only provided or leased these platforms to third parties but also operated them for casino activities, leading to considerable financial gains.
A total of 131 suspects were apprehended in connection with this operation, and more than 10 million yuan worth of funds linked to the case were seized, frozen, or recovered.
Currently, there are nine suspects still involved in this criminal activity who are unlawfully residing overseas. Among them is Wang Shuiming from Xiamen, Fujian Province.
wang-shuiming-556x1024.jpg

Probing the puzzling duration of suspects’ undisturbed stay in Singapore before arrest

While an earlier Twitter source alleged that Singapore’s Commercial Affairs Department (CAD) had discreetly formed a task force over three months ago, targeting the activities of these foreign nationals from Fujian province, it remains uncertain whether Singaporean authorities had been monitoring their actions even earlier.
The post, authored by a user named Vanessa Gao, emphasized an upcoming visit by a delegation from the Chinese Ministry of Public Security, scheduled for August 21st.
The account also stated that Singapore engaged in comprehensive discussions with both the Chinese embassy and the Chinese Liaison Office in the city. However, the extent of involvement from the Chinese Ministry of Public Security remains unclear.
According to Vanessa Gao, this visit could potentially be linked to CAD’s ongoing investigations.


The Monetary Authority of Singapore (MAS) highlighted that previous intelligence and data derived from suspicious transaction reports (STRs) submitted by Singaporean financial institutions (FIs) had alerted CAD to questionable activities within the financial sector.
Conversely, the Singapore Police Force (SPF) asserted that it commenced its investigation based on tips regarding alleged illicit activities, particularly those involving the use of counterfeit documents, aiming to trace the source of funds within Singaporean bank accounts.
Further in-depth investigations, fortified by intelligence and scrutiny of STRs, pinpointed a group of foreign nationals suspected of money laundering.
These funds are believed to originate from their foreign organized crime endeavours, ranging from scams to online gambling.
Nevertheless, the question persists: How long did it take Singaporean authorities to identify these suspicious activities carried out by foreigners on Singaporean soil?
 
Fuckeins are also big deal in the triads tat why money laundering goes hand in hand with the fuckeins
 

Neighbour provides pic of man, 40, being arrested outside Ewart Park GCB barefooted & hauled off​

He broke his hands and legs from the jump.
Belmont Lay |
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August 17, 2023, 05:37 PM
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As part of the islandwide raid to crack down on a transnational money laundering syndicate residing in Singapore, nine men and one woman were arrested and more than S$1 billion worth of properties, cars, luxury goods, and cash among other items were seized by the Singapore Police Force.




Three Cambodian nationals, three Chinese nationals, two Cypriot nationals, one Turkish national and one Ni-Vanuatu national were charged in court on Aug. 16 evening, in a rare night session.
They were believed to have been laundering the proceeds of overseas-organised crimes, such as scams and online gambling.

Neighbour provides photo​


According to Shin Min Daily News, a reporter paid a visit to the Good Class Bungalow residence of one of the suspects, Cypriot national, Su Haijin, 40, located along Ewart Park.
A neighbour of the suspect provided a photo which showed an arrest being carried out on Aug, 15 at 7am.

su-haijin-arrested-shin-min.jpg
via Shin Min Daily News

The neighbour, who did not want to be named, claimed Su was the occupant of the bungalow and moved in around 2019.
The neighbour told Shin Min: "He and his wife were seldom seen around, and they often enter and leave through the underground car park. In addition, many trees have been planted after they moved in, which gave the place an air of mystery."
A barefooted man in shorts was seen subdued near the drain outside the bungalow, surrounded by eight law enforcement officers, four of whom were wearing hoods or balaclavas.

What happened during arrest​


According to the police release, Su is charged with one count of resisting lawful apprehension by the police.
During the arrest, the police identified themselves to the man outside his bedroom and ordered him to open the door.
However, the man allegedly jumped out of the second-floor balcony of the GCB and was later found hiding in a drain.
He was then sent to the hospital for injuries sustained from the jump.
According to his charge sheet, he refused to open the door of the room he was in and “exited” the room from the second-floor balcony.
The police said they arrested him at his residence.
They found him possessing other foreign passports believed to be issued by China and Cambodia.

What suspect said in court​


According to Shin Min, Su claimed in court via video link from hospital, without being represented by a lawyer, that he was not resisting arrest.
It was reported that Su broke his hands and legs due to the fall from height.
Su claimed he did not know it was the police knocking at his door, after details of his charge were read out in court.
He added that he had just mistakenly thought that there was an intruder at home, and accidentally fell out of the balcony when he checked it out.
Speaking in Mandarin, he said via an interpreter that he thought the knocks came from someone who was threatening to kill him.
The accused, who is married, also claimed that he was intimately involved with a woman in Dubai in July 2022, and her boyfriend had threatened to kill him.

He was apparently asked to pay up S$100,000 or he would be harmed.
He then apparently hid in the drain to escape when he heard the sound of a firearm being discharged.
He also claimed he could have jumped and landed onto a sofa on the ground floor if his intention was to escape from the police.
The judge stopped Su from speaking further after 10 minutes, The Straits Times reported.
Su also requested to be released on bail, but the judge granted the prosecution’s application for him to be remanded at Changi General Hospital.
The 10 suspects are remanded for further investigations.
 
Why the need to mention that they are specifically Fuckiens ?
 
Why the need to mention that they are specifically Fuckiens ?

They are the ones running the online gambling and scamming centres in Myanmar, Malaysia and the Philippines. Learnt such trade from their cousins in Taiwan.
 
Wah. Will they claw back those agents fees from the representative brokers ?
Should be a crazy amount too
 
Wah. Will they claw back those agents fees from the representative brokers ?
Should be a crazy amount too
Agents are likely to be Tiong PRs or Shitizenships. Usually co broke with these buyers.
 
Maybe can get that Sentosa Cove bungalow for cheap at the police auction after the case is closed?
 

Fujian suspect in S$1 billion money-laundering case allegedly bought 20 CanningHill Piers units for S$85 million last year​


yeeloon
ByYeeloon

17 August 2023

IN
CrimeSingapore
1


canning-hill3-tile.jpg
(LEFT) one of the suspect allegedly acquired 20 units in bulk at CanningHill Piers for an estimated S$85 million in June last year; (RIGHT) Su Baolin, a 41-year-old Cambodian national, reportedly paid S$39.33 million for a Sentosa Cove bungalow in April 2021.
SINGAPORE: On Wednesday (16 Aug), the Singapore Police Force (SPF) announced a raid involving over 400 officers across the island in a crackdown on money laundering and forgery activities, resulting in the historic seizure of assets amounting to roughly S$1 billion (US$736 million), which shocked the entire Island.
Ten individuals, with diverse nationalities but a common Fujian heritage, were arrested and charged for forgery, money laundering, and resisting arrest.
The identities of these detainees were revealed by local Chinese media outlets. Among them, there is a wide range of nationalities represented, including Cypriot, Turkish, Chinese, Cambodian, and Ni-Vanuatu.
In addition, a dozen others are actively cooperating with the ongoing investigations, while another eight individuals remain on the police’s list of wanted suspects.
In a statement, SPF affirmed, “These persons are believed to have connections among themselves. All the persons involved are neither Singapore citizens nor permanent residents.”
Earlier, a X (formerly Twitter) post revealed that large sums of money were funneled into Citibank accounts by dozens of Fujianese individuals using underground banks.
It was said that the Commercial Affairs Department (CAD) had established a covert task force more than three months prior, with a primary focus on the activities of Chinese nationals from Fujian province.
The SPF unveiled that this particular group is suspected of laundering the proceeds derived from their organized criminal activities abroad, spanning from scams to online gambling enterprises.
Shockingly, it appears that some of the arrested suspects had been in Singapore for an extended period, dating back as early as 2021.
Lianhe Zaobao reported that among these arrested, there is alleged involvement of a Chinese national from Fujian who, in June of the previous year, acquired 20 units in bulk at CanningHill Piers for an estimated S$85 million.
The 20 units that were bought a few days ago include 10 3-room flats priced between $3.1 million and $3.3 million, and ten 4-room units priced between $5.3 million and $5.6 million.
Zaobao reported that the money used to pay for the units was transferred from Indonesia into Singapore, according to industry sources familiar with the deal.

One of the arrested, Su Baolin, paid S$39.33 million for a Sentosa Cove bungalow in April 2021

Among the arrested suspects on 15 August is Su Baolin, a 41-year-old Cambodian national, who is currently facing charges related to the use of forged documents.
In April 2021, Su reportedly paid S$39.33 million for a Sentosa Cove bungalow with a sea-facing view.
A search on Facebook source revealed that Su, originally from Xiamen City in Fujian Province, possesses Cambodian citizenship and holds stakes in two Singapore-incorporated companies, one in software development/programming and the other in e-commerce.
xiamen.jpg

Su’s website describes him as a “Visionary entrepreneur in E-commerce and IT Solutions”

A search for Su’s company, Xinbao Investment, revealed that the website has already been taken down.
However, utilizing the online archive Wayback machine, Gutzy managed to access the original introduction that was posted on Su’s company website.
The excerpt concerning Su is as follows:
“Mr Su Baolin, the founder of Xiamen Xinbao Investment Holdings (厦门新宝投资控股) and Meinin E-Commerce (美宁电子商务), possesses a rich background in e-commerce and IT solutions.
He has engaged in numerous financial and real estate investments in Southeast Asia.
Meinin E-Commerce, one of the core founding members in China, commenced operations in Xiamen in 2009.
It is an e-commerce supply chain service company that integrates online sales, internet marketing, brand representation, as well as related warehousing and logistics distribution.
Subsequently, Su Baolin established Xinbao Investment Holdings in Singapore, personally leading individuals from various walks of life into successful ventures in the next phase of business. He has also diversified his investment portfolio through various means.
A steadfast believer in entrepreneurial spirit and an active investor, Mr Su remains committed to these principles.”
According to a police statement, Su was arrested on Tuesday at a Good Class Bungalow (GCB) located on Nassim Road, during which he was purportedly discovered with a foreign passport suspected to have been issued by China.
Items confiscated during the operation encompassed cash exceeding S$777,000, along with 33 luxury bags and watches, as well as 75 pieces of jewellery.
Police authorities have subsequently frozen three associated bank accounts, with a collective balance surpassing S$2.4 million.
su-bao-lin2.jpg

Fujianese Cypriot suspect alleged to have sponsored President’s charity golf tournament

Meanwhile, as reported by the Singapore-based online Chinese media outlet “Singapore Eyes” (新加坡眼), they claim to have had prior interactions with Su Haijin, a 40-year-old Cypriot national who is also among the ten arrested individuals from Tuesday’s operation.
According to the source, Su Haijin communicates with a distinctive Southern Min (闽南) accent, a dialect commonly spoken in Fujian.
The post disclosed that Su resides in an upscale mansion within Ewart Park in Bukit Timah and is the owner of a Rolls-Royce, which serves as his means of transportation.
Allegedly, the market value of Su’s mansion exceeds S$80 million. Given his foreign status, it is speculated that a rental arrangement is more plausible than an outright purchase.
Reportedly, Su Haijin actively engages in social activities, having purportedly sponsored the Singapore President’s Charity Golf Tournament. He also offers support to various associations, and in return, he has been honoured with the title of honorary chairman.
Su was charged with one count of resisting arrest, in which the police statement indicated that during the arrest, officers outside Su’s bedroom identified themselves and instructed him to open the door.
Su then allegedly leapt from the second-floor balcony of his GCB and was later found by the police hiding in a drain. The jump resulted in fractures to his hands and legs, and he was taken to the hospital while conscious.
On the flip side, The Singapore Eye reported that another suspect, Vang Shuiming, a 42-year-old Turkish national, whose surname might potentially be Wang (王).
It is noted that he was reportedly sought by Chinese authorities within the country last year.
In May 2022, the Bosan (博山) Sub-Bureau of the Zibo (淄博) Municipal Public Security Bureau in China effectively dismantled a network group involved in the development and maintenance of profit-oriented gambling websites, applications, and online gambling platforms.
This network group not only provided or leased these platforms to third parties but also operated them for casino activities, leading to considerable financial gains.
A total of 131 suspects were apprehended in connection with this operation, and more than 10 million yuan worth of funds linked to the case were seized, frozen, or recovered.
Currently, there are nine suspects still involved in this criminal activity who are unlawfully residing overseas. Among them is Wang Shuiming from Xiamen, Fujian Province.
wang-shuiming-556x1024.jpg

Probing the puzzling duration of suspects’ undisturbed stay in Singapore before arrest

While an earlier Twitter source alleged that Singapore’s Commercial Affairs Department (CAD) had discreetly formed a task force over three months ago, targeting the activities of these foreign nationals from Fujian province, it remains uncertain whether Singaporean authorities had been monitoring their actions even earlier.
The post, authored by a user named Vanessa Gao, emphasized an upcoming visit by a delegation from the Chinese Ministry of Public Security, scheduled for August 21st.
The account also stated that Singapore engaged in comprehensive discussions with both the Chinese embassy and the Chinese Liaison Office in the city. However, the extent of involvement from the Chinese Ministry of Public Security remains unclear.
According to Vanessa Gao, this visit could potentially be linked to CAD’s ongoing investigations.


The Monetary Authority of Singapore (MAS) highlighted that previous intelligence and data derived from suspicious transaction reports (STRs) submitted by Singaporean financial institutions (FIs) had alerted CAD to questionable activities within the financial sector.
Conversely, the Singapore Police Force (SPF) asserted that it commenced its investigation based on tips regarding alleged illicit activities, particularly those involving the use of counterfeit documents, aiming to trace the source of funds within Singaporean bank accounts.
Further in-depth investigations, fortified by intelligence and scrutiny of STRs, pinpointed a group of foreign nationals suspected of money laundering.
These funds are believed to originate from their foreign organized crime endeavours, ranging from scams to online gambling.
Nevertheless, the question persists: How long did it take Singaporean authorities to identify these suspicious activities carried out by foreigners on Singaporean soil?
Sg is only an island, all under monitor once they landed liao
 
Su is not as simple as he seems to be, based upon reports. To amass such wealth in short time, & use of SPF storm troopers in his arrest speak volumes of his standing in the underworld of crime.

He may be the new generation of IT savvy Triad leader.

As he is in remand in Changi Hospital, ADDITIONAL & DEDICATED SPF officers WILL be needed to guard him as well as be PREPARED for any OUTSIDE FOREIGN or LOCAL attempts to rescue or eliminate him for the info he possess.

The Fukienese & Taiwan triads are well known to be crafty, organised, armed & brutal....

Best if he is sent to a secret SAFE HOUSE to recuperate from his minor wounds, protected by SPF officers whom are NOT complacent & will take NO chances. He is a treasure trove of info, should he cooperates...

 
Last edited:
Su is not as simple as he seems to be, based upon reports. To amass such wealth in short time, & use of SPF storm troopers in his arrest speak volumes of his standing in the underworld of crime.

He may be the new generation of IT savvy Triad leader.

As he is in remand in Changi Hospital, ADDITIONAL & DEDICATED SPF officers WILL be needed to guard him as well as be PREPARED for any OUTSIDE FOREIGN or LOCAL attempts to rescue or eliminate him for the info he possess.

The Fukienese & Taiwan triads are well known to be brutal....
The original Fukiens in Sinkieland also amassed riches through opium, prostitution and smuggling.
 
The original Fukiens in Sinkieland also amassed riches through opium, prostitution and smuggling.

When our forefathers & founding fathers gained our hardwon independence, they realised criminal gangs & their atrocious activities presented A CLEAR & PRESENT DANGER to our democracy, development, RULE OF LAW society & progress.

Those Triad in Singapore were rounded up with help from our then small but courageous SPF & SAF members, & left those gangsters & their leaders to rot in Changi, under National Security act.

Today, with the prevalence of scams here, with many, many of our fellow citizens ROBBED of their life savings & some commiting suicide, SCAMS are now our present era defined CLEAR & PRESENT DANGER to our society.

We will NOT falter in this battle but will need the help of all to win...
 
When our forefathers & founding fathers gained our hardwon independence, they realised criminal gangs & their atrocious activities presented A CLEAR & PRESENT DANGER to our democracy, development, RULE OF LAW society & progress.

Those Triad in Singapore were rounded up with help from our then small but courageous SPF & SAF members, & left those gangsters & their leaders to rot in Changi, under National Security act.

Today, with the prevalence of scams here, with many, many of our fellow citizens ROBBED of their life savings & some commiting suicide, SCAMS are now our present era defined CLEAR & PRESENT DANGER to our society.

We will NOT falter in this battle but will need the help of all to win...
Mai kong lan jiao wei
 
The SPF unveiled that this particular group is suspected of laundering the proceeds derived from their organized criminal activities abroad, spanning from scams to online gambling enterprises.
This is Sinkapore bending backwards for China. It's never been a secret we have been a money laundering hub for dodgy businessmen and politicians. As long as it never involved terrorism financing and no local laws were broken, CAD had been happy to close one eye.
 
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