Money Launderer in Record Singapore Case Jailed for 13 Months

(Bloomberg) — The first person to plead guilty in Singapore’s record S$3 billion ($2.2 billion) money laundering case was sentenced to 13 months in jail.

Su Wenqiang’s sentence will be backdated to August last year, when he was arrested along with nine other foreigners during an island-wide raid.

Su, 32, faced 11 charges including for forgery and laundering criminal proceeds. The prosecution on Tuesday proceeded with two after he consented to the rest being taken into consideration for sentencing.