Singapore Court Delays Sentencing for Money Launderer Su Jianfeng, Seized Assets Valued at $138 million

By Thea Felicity

Jun 06, 2024 01:00 PM EDT

SINGAPORE-CRIME-COURTS
(Photo : ROSLAN RAHMAN/AFP via Getty Images)
This photo taken on February 22, 2018 shows the front entrance to the state courts building in Singapore.
In Singapore's largest money laundering case, Su Jianfeng, one of ten foreign nationals implicated, was convicted on Thursday, June 6. 

Business Times reported that the 36-year-old pleaded guilty to money laundering and forgery charges, among others. However, district Judge James Lee adjourned the sentencing to Monday after hearing submissions from both sides. 

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Su Jianfeng's Money Laundering Case

Su Jianfeng and his wife agreed to forfeit 95% of seized assets worth S$187 million (USD$138 million). These assets are part of over S$3 billion (USD$ 2.2 billion) seized in connection to a widespread money laundering operation. 

In detail, Su Jianfeng's involvement in an illegal remote gambling operation in the Philippines in 2019 was cited by Deputy Public Prosecutor Grace Teo. The prosecution sought 17 to 18 months of jail time for Su Jianfeng, pointing out the significant sum involved in his money laundering charges. 

Su Jianfeng's counsel argued for mitigation, emphasizing his client's prompt guilty plea and the substantial forfeiture of assets. 

Among the ten charged, Su Jianfeng is the ninth to be dealt with by the court, with eight others already sentenced.

Considering the severity of his charges, with charges against him raking up to 14, according to The Straits Times, he could potentially receive a longer sentence.

However, the final decision lies with the District Judge, who will take into account various factors, including the nature and extent of Su Jianfeng's involvement in the money laundering operation, any mitigating circumstances presented by his defense, and the overall impact of his actions.

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