SINGAPORE The first suspect to plead guilty in Singapore's largest money laundering case was convicted and sentenced to 13 months' jail in a district court on Tuesday (April 2).
$2.8 billion laundering case: Accused is IT company CEO but does not know where office is Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
SINGAPORE (The Straits Times/Asia News Network): A man arrested in the S$2.8 billion money laundering case claims to be the chief executive of a computer support firm, but does not even know where his office is.
The prosecution objected, saying this was a "delay tactic", but Lim Tean said nobody could have foreseen that he would have been placed "in the path of a presidential campaign".
SINGAPORE (The Straits Times/Asia News Network): He was one of three directors of a firm that sold gold to more than 2,000 unsuspecting customers under a "buyback" arrangement, bringing in revenues totalling more than S$120 million.