Zhang Ruijin, Singapore's largest money laundering defendant, was sentenced to 15 months in prison for 36 million Singapore dollars

One of the defendants in Singapore's sensational 3 billion dollar money laundering case, Ruijin (45), was sentenced to 15 months in prison after pleading guilty. Zhang Ruijin is suspected of transferring the proceeds of crime in S $36 million to his bank account in Singapore through a Hong Kong company and falsifying documents to deceive local banks. He was the most involved in this case and received the longest sentence among the defendants in the current case. Zhang Ruijin and nine other co-defendants were arrested in August last year, and five people have been convicted so far.
Among them, Su Baolin was sentenced to 14 months in prison, Su Wenqiang and Wang Baosen were sentenced to 13 months each, and Su Haijin was sentenced to 14 months. In sentencing, the judge said that given the complexity of Zhang Ruijin's case, his involvement in transnational crimes, and the use of forged documents to defraud banks, the penalty must be sufficient to safeguard the reputation of Singapore's international financial center. However, since he chose to plead guilty and cooperate with the investigation, he was given a lighter sentence.