Buying passports and fictitious companies: Revealed through affidavits in a $2.8 billion money laundering case. What do passpoet, fictiives, and affidavits reveal?

According to the testimony of the commercial affairs officer Seov Qing Min, Lin is in a romantic relationship with co-defendant Zhang Ruijing and refers to him as her "husband." They have known each other for over 10 years. Su Haijin and Su Baolin are also her friends, as she herself admitted, the investigator reported.

Lin was going on vacation with Zhang and two Su and their wives. Lin, whose confiscated assets are among the largest of the 10 accused, holds one Chinese passport, which does not specify her whereabouts. She has a work visa for the position of Deputy Chief Investment Officer at the locally registered company Golden Eagle Family Office. The investigator stated that the company was created to manage Lin's own wealth and that she makes investment decisions. Lin also registered businesses in Singapore under the names Eagle77 and Ban Tian Yao Catering Management, but the investigator claimed that they do not have any substantial operations, and Eagle77 was created solely to facilitate Lin's purchase of real estate in Singapore.

Lin has a 15-year-old daughter who lives with an assistant on Beach Road, in the same building where Lin's sister, Lin Xiaozheng, resides. Lin lives on Sentosa, where she was arrested along with her lover Zhang. Lin's son studies in the UK, while her parents live in China, and her siblings are in China and the United Arab Emirates. Lin's overseas assets are estimated at $30.7 million, which includes six residential properties worth $10 million in the UK, one property in the Philippines worth $5.7 million, one property in Dubai worth $3.7 million, and bank accounts totaling $11.3 million in Hong Kong, Macau, and the UK.

According to Lin's Chinese passport, she is originally from Fujian. After paying an agent $130,000 and $160,000, she received passports from Dominica and Cambodia, the investigator reported.

Zhang Ruijing

According to the testimony of commercial officer Daniel Neubronner, $109.8 million, confiscated or frozen from Zhang, is in his name and two companies - Golden Eagle Assets and Golden Eagle Family Office. Zhang holds three passports - two Chinese and one from Saint Kitts and Nevis, and his new Chinese passport is not accounted for. He claims he does not remember where it is stored, the investigator stated. He obtained citizenship and a passport from Saint Kitts and Nevis after purchasing real estate there worth $250,000, the investigator said. Zhang has a work visa for the position of Chief Investment Officer at the local company Golden Eagle Family Office. According to Zhang's statement, the company was primarily established for him to obtain a work visa in Singapore and manage his own wealth, the investigator reported. In other words, the company is used solely for making investment decisions regarding Zhang's own wealth. Zhang's son and daughter study in Japan and China, respectively, while his parents and two older brothers live in China. According to Zhang's statement, he has about $41 million abroad. This includes $93,000 in Chinese bank accounts, $931,000 in cash in a Chinese trading company, which he partially controls, and about $2.8 million in stocks purchased with funds held in a Hong Kong bank account. He also has shares worth about $37 million in a real estate development company in the Philippines. Zhang is connected to a person known as Suspect X, who is wanted by the Singapore police. The Singapore police are requesting information from foreign law enforcement agencies about the whereabouts and activities of Suspect X, and have also confiscated or frozen assets worth $127 million. Zhang is also friends with co-defendants Su Haijin and has played golf with Su Baolin, vacationing abroad with them and their wives along with his girlfriend Lin Baoing. According to Zhang's Chinese passports, he is originally from Fujian.

Van Dijk

According to Lim Yong Kiang, the assistant superintendent of police handling Wan's case, Wan was hired by an online casino in the Philippines in 2012.

Van Shuimin

According to the lead investigator in the case of Wang, Te Yi Liang, Wang is wanted by Chinese authorities for illegal online gambling activities. His brother, Wang Shuiting, who is on the run, is also wanted by Chinese and Singaporean authorities, Liang said. Wang's wife, son, and daughter also hold passports from Turkey, China, and Vanuatu. Wang has other relatives living in the UK and China. According to Liang, Wang claimed that he obtained the passports from Turkey and Vanuatu by making financial contributions. He alleged that he received Cambodian citizenship by donating money to the Cambodian government, which "offered" him a passport, Liang stated. This passport is missing. Wang also owns three plots of land in Cambodia, valued at around 18 million USD. Additionally, he has overseas assets, including 32 million yuan in investments in Chinese private companies, 500,000 USD in investments in Turkey, two apartments in Xiamen, China, worth 20 million yuan, a factory in Xiamen worth several million yuan, 2 million Hong Kong dollars in a bank account in Hong Kong, and 110,000 USD in USDT coins. Wang has numerous connections with other wanted suspects, Liang stated.

Most of the 10 defendants in this case are at the preliminary hearing stage, where the public and media are not allowed. The exceptions are Su Wencian, who will have a hearing regarding a change in bail conditions in November, and Chen Qingyuan, who has switched lawyers from Mr. Mark Tan to a team from Drew & Napier led by Mr. Gary Leonard Low. Chen will return to court in November for further proceedings.

Editor’s note: The previous version of the article stated that Zhang Ruijing is facing two charges of forgery and that his confiscated or frozen assets are held in two companies under his name. This is incorrect. Zhang is facing three charges of forgery, and his confiscated or frozen assets are under his name and in two companies. We apologize for the errors.