Zhang Ruisheng, whose younger brother Zhang Ruijin was convicted in Singapore’s S$3 billion money-laundering case, was sentenced to 12 months’ jail on Monday (19 October).
The Chinese national, 54, admitted one charge of possessing benefits of criminal conduct.
Transfers Triggered Bank Alert
His CIMB account received about S$17.6 million through 11 overseas transfers in August and September 2020, triggering a bank alert.
Documents he submitted to explain the funds, involving a purported Macau property sale and loan, were forged.
He later admitted having neither dealings with the companies involved nor property in Macau.
Property And Car To Be Forfeited
Ruisheng agreed to forfeit his 69 Cove Drive property and a seized Toyota Vellfire to the state.
Prosecutors sought 13 months’ jail. His lawyer highlighted his limited role and surrender of assets.
