Yet another one of the 10 arrested Singapore money laundering suspects has been accused of cheating Standard Chartered.
Chen Qingyuan faces six new charges related to forgery and engaging in a conspiracy to cheat Standard Chartered, according to a «Business Times» report. Chen is one of the 10 individuals arrested in the headline money laundering case involving S$3 billion ($2.2 billion).
All six of the charges were related to documentation submitted to Standard Chartered in 2021. In total, Chen has been slapped with 10 charges. He has also had assets with a total value of over S$20 million either seized or issued disposal prohibition orders.
Six Charges
Two of the charges relate to the alleged instigation of an individual to forge electronic records in September 2021 to show the bank that his purported girlfriend had legitimate sources of wealth. Another two charges were related to the same individual being allegedly instigated to forge income statements in July 2021.
The last two charges involve an alleged conspiracy with the aforementioned girlfriend to submit income certificates to the bank in December 2021.
