On April 29, Su Baolin was sentenced to 14 months’ jail after pleading guilty to three charges. - ILLUSTRATION: ST FILE
On April 29, Su was sentenced to 14 months’ jail after pleading guilty to three charges – two for money laundering and one for abetting false representations made to the Inland Revenue Authority of Singapore . Su faced a total of 13 charges. The other 10 charges included forgery, making false declarations to the Ministry of Manpower and refusing to sign statements he made at Changi Prison, and were taken into consideration for sentencing.
Su initially told the Commercial Affairs Department he acquired the cash from buying cryptocurrency, and then claimed he won the money by gambling in casinos. Su also supervised online gambling websites between 2019 and 2023, earning cryptocurrency worth $5 million to $6 million.From 2020 to 2022, as the director of a firm called Xinbao Investment Holdings, Su conspired with Wang Junjie to make inflated representations to Iras on the company’s financial situation.
As Su was denied bail, Mr Sudheesan said his waiting period behind bars was torturous as he was constantly worried about cancer.
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