Money laundering accused Chen Qingyuan has substantial wealth in multiple jurisdictions overseas, including links to a casino business in Cambodia and high-end clubs and property in Thailand.
These sources of overseas wealth were revealed in investigating officer (IO) Poon Chee Ming’s affidavit filed on Sep 6, which was referenced in court on Friday (Nov 17).
Chen is one of 10 individuals embroiled in the S$2.8 billion money laundering case. More than S$20 million worth of his assets were seized or issued prohibition of disposal orders, which means they cannot be sold. He faces charges involving over S$8 million of these assets.