32-year-old Chinese national Wang Baosen sentenced to 13 months in jail for Singapore's largest money laundering case involving $3B, with $8M assets forfeited.
32-year-old Chinese national Wang Baosen was sentenced to 13 months in jail for his involvement in Singapore's largest money laundering case. As part of his plea offer, Baosen forfeited $8M assets believed to be from illicit gambling and admitted to using $1.4M from Hornet Bee International Trading to buy a condominium. This case is part of a $3B money-laundering probe involving 10 people.
April 16, 2024
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