Singapore secured the first guilty plea from one of the ten people arrested last August in a record money laundering case, marking the next phase in the S$3 billion ($2.2 billion) case.
Su Wenqiang, 32, entered the plea during a court hearing on Tuesday. He faced 11 charges including for forgery and laundering criminal proceeds through activities like buying multiple bottles of prized liquor and paying S$48,000 a month to rent a luxury condominium near the city-state’s Orchard Road shopping belt.
