The defendant Zhang Ruijin in Singapore's largest money laundering case was involved in an amount of 36 million Singapore dollars and was sentenced to 15 months in prison

ChainCatcher news reports that, according to the Straits Times, in a sensational S$3 billion money laundering case in Singapore, one of the defendants, Zhang Ruijin (45 years old), was sentenced to 15 months in prison after pleading guilty. Zhang Ruijin is accused of transferring S$36 million of criminal proceeds to his bank account in Singapore through a Hong Kong company and forging documents to deceive local banks. He is involved in the highest amount in this case, and his sentence is currently the longest among the defendants.

It is reported that Zhang Ruijin is accused of transferring S$36 million of criminal proceeds to his bank account in Singapore through a Hong Kong company and forging documents to deceive local banks. Zhang Ruijin faces four charges of violating the Corruption, Drug Trafficking and Serious Crimes (Confiscation of Benefits) Act, as well as four charges of using forged documents.

The judge stated during sentencing that considering the complexity of Zhang Ruijin's case, which involves transnational crime and the use of forged documents to deceive banks, the punishment must have sufficient deterrent effect to maintain the reputation of Singapore as an international financial center.

The total value of the assets seized from Zhang Ruijin is approximately S$131 million, including cash, real estate, vehicles, and cryptocurrencies, of which about 90% of the assets were confiscated after the case was adjudicated, including two villas located on Sentosa's Pearl Island valued at S$16 million and S$15.5 million, which are individually owned by him and his mother.