Singapore convicts first suspect in its biggest money laundering case, media reports

(Reuters) – A Singapore court on Tuesday convicted the first defendant in its biggest-ever money laundering case, news outlet Channel News Asia reported.

The case has involved the seizure or freezing of $2.2 billion of assets. Defendant Su Wenqiang admitted to 11 charges of money laundering and taking proceeds from illegal remote gambling, the report said, adding he had yet to be sentenced.

(Reporting by Martin Petty)