The sole woman in Singapore’s $2.2 billion money laundering case has been handed seven new charges, including those related to cheating Julius Baer and OCBC.
Lin Baoying, the only woman accused in Singapore’s $2.2 billion headline money laundering case, has been handed seven new charges, according to a «Straits Times» report citing court proceedings.
They include one charge of forgery to cheat Julius Baer, two charges of using forged documents to justify deposits with UOB Kay Hian as well as OCBC and four charges related to the possession of HK$209 million ($27 million) which represented benefits of criminal conduct. She faces a total of 10 charges, including another charge of perverting the course of justice and two charges of using a forged document as a genuine one.
Six Convicted
Out of the 10 arrested individuals in the case, six have already been convicted.
Zhang Ruijin, Su Wenqiang, Wang Baosen, Vang Shuiming, Su Haijin and Su Baolin were each jailed between 13 and 15 months. In total, they have forfeited S$541.9 million ($401.9 million) in assets.
