One of the 10 convicted money launderers from Singapore’s historic scandal has been reportedly arrested in Montenegro.
Vang Shuiming has been arrested in Montenegro, according to a report by local newspaper «Vijesti». An international arrest warrant was issued against Vang with Montenegrin authorities accusing him of organizing illegal betting through online platforms, which included Chinese citizens as participants. He will be brought before a judge in the Higher Court in Montenegro’s capital, Podgorica.
Vang, a Turkish national, was one of the 10 convicted in Singapore’s largest-ever S$3 billion ($2.2 billion) money laundering scandal. He faced charges for crimes including submitting forged financial statements to financial institutions and possessing criminal benefits generated from unlicensed money lending operations in China which led to a sentence of 13 months and six weeks in prison.
