One of the 10 headline money laundering suspects in Singapore has been slapped with new charges of submitting fake documents to Julius Baer.
Vang Shuiming has been slapped with six more charges alleging the submission of forged financial statements for two companies – Xiamen Yetian Trading and Xiamen Likanghang Trading – to Julius Baer’s Singapore branch, according to a «Strait Times» report.
Vang, also known as Wang Shuiming, was previously charged with four counts of money laundering and 12 counts of submitting forged financial documents to banks including UOB and Citibank. In total, Vang faces 22 charges which is the largest amount out of the 10 accused laundering suspects.
Fugitive Brother
Vang’s bother, Wang Shuiting, is one of eight fugitives who is wanted by the Singapore police in connection to the case as well as Chinese authorities for illegal gambling activities.
In total, assets seized in the case are now worth more than $3 billion, including $240 million in the name of Vang and his wife. Vang will return to court for a pre-trial conference on April 4.
