The man who jumped off a balcony during a raid to arrest suspects linked to a billion-dollar money laundering probe has received 12 new charges, including lying to IRAS, MOM, with his plea set to take place this week. Su Haijin faces 14 charges, with $3.8 million allegedly held in suspected criminal proceeds.
Initially, the Cypriot national, Su Haijin, was set to plead guilty on Thursday, but now both prosecution and defense have confirmed that his plea will go as planned.
Initially, Mr. Su faced two charges of resisting arrest on August 15, 2023, and possessing about S$4.06 million in benefits from illegal remote gambling offenses in a UOB account around August 2023. On Monday, the second charge was amended to one of possessing nearly S$2.4 million that is reasonably suspected to benefit from illegal remote gambling offenses and failing to account satisfactorily for how he came by this money.
Most of Su’s new charges revolve around Yihao Cyber Technologies. He was given three charges of allegedly conspiring with Wang Junjie to use Yihao’s forged financial statements to open a corporate bank account with DBS on April 13, 2022, apply to join OCBC’s premier private client segment in 2022, and open a corporate bank account with UOB in or around May 2022. Two of his charges are for possessing benefits reasonably suspected to be illegal remote gambling offenses in or around August 2023, amounting to about S$439,000 in Yihao’s DBS account and about S$1 million in Yihao’s UOB account.
Four more charges are for conspiring with Wang to lie to authorities about Yihao’s revenue, gross profits, and trade receivables. These false representations were allegedly made to the Inland Revenue Authority of Singapore (IRAS) for 2019, 2020, and 2021 and to the Ministry of Manpower (MOM) for the financial year 2021.
Su also has three charges of helping two women apply for or renew a work pass by making false statements to the Controller of Work Passes. In 2021 and 2023, he allegedly instructed Wu Qin to sign and declare in a form submitted to the controller that she would be employed by Culbert Management as chairman, meaning he knew this to be false. In 2023, he allegedly did the same in instructing Chen Yanyan to apply for a work pass with a form falsely stating Culbert Management would employ her as a personal assistant.
Su appeared via video link on Monday and followed proceedings through a Mandarin court interpreter. The former restaurant operator and No Signboard Holdings director is represented by Mr. Julian Tay, Mr. Anthony Wong, and Mr. Dominic Kwok from Lee & Lee.
The penalties for resisting arrest are a jail term of up to a year, a fine, or both. For possessing property reasonably suspected of being the benefits of criminal conduct and failing to account satisfactorily how they came by this property, an offender can be jailed for up to three years, fined up to S$150,000, or both. If guilty of fraudulently using the forged documents with the banks, Su could be jailed for up to four years, fined, or both. If convicted of making false representations to IRAS and MOM, Su could be jailed for up to 20 years, fined, or both. The penalties for making a false statement to the Controller of Work Passes are a jail term of up to two years, a fine of up to S$20,000, or both.
