SINGAPORE, Oct 20 — The brother of Zhang Ruijin — one of 10 foreigners convicted in the S$3 billion (RM9.6 billion) money laundering case — has been sentenced to 12 months’ jail for possessing over S$17 million in criminal proceeds.
Zhang Ruisheng, 54, was found guilty on Monday (October 19) and agreed to forfeit his property at Sentosa, 69 Cove Drive, valued at around S$10 million.
He also surrendered his Toyota Vellfire, a high-end luxury multi-purpose vehicle valued at around S$400,000, according to SgCarMart.
Ruisheng, a Chinese national, was in Singapore on a work pass under Golden Eagle Family Office as an “employment adviser”.
