The Singapore Police Force confirmed on May 22 that two men identified in media reports as being part of an overseas online gambling syndicate are part of Singapore's S$3 billion anti-money laundering probe.

The SPF’s news release did not name the two men, only referring to unspecified media reports about two men, aged 37 and 39.

Media reports

On May 16, The Straits Times (ST) reported that two businessmen living in Singapore since 2021 had been placed on China's wanted list for their involvement in a cross border online gambling syndicate.

ST named the two men as Su Shuiming and Su Shuijung.

Ongoing probe

The police confirmed that the two men were part of the anti-money laundering probe launched in August 2023, which saw the SPF seizing more than S$1 billion worth of properties, cars, luxury goods, and other assets at the time.

The amount involved has since risen to nearly S$3 billion.

The SPF said that in late 2023, it had already seized or issued prohibition of disposal orders on about S$530 million worth of assets belonging to the two men.

So far, over S$3 billion worth of assets have been seized or been issued with prohibition disposal orders.

In relation to the 37 year-old man, the police have issued prohibition disposal orders on nine properties, two vehicles, and four country club memberships.

The police have also frozen bank accounts with a balance of more than S$157 million, and seized about S$93,000 in cash, along with more than 200 pieces of jewellery, luxury bags, and collectibles.

The police issued prohibition of disposal orders for about 19 properties in relation to the 39-year-old man, as well as three vehicles, in three country club memberships.

They also had frozen bank accounts with a balance of more than S$145 million, and seized about $200,000 in cash, as well as bottles of liquor, jewellery, luxury bags, and watches.

Further investigations

The police said that it was also investigating 15 other people who were not in Singapore, including two Cambodian nationals that they named as Su Yongcan and Wang Huoqiang.

Both men had warrants of arrest and Interpol Red Notices issued against them, and the SPF said that it was working with Interpol to issue Red Notices against some of the other 15.

ST had worked with the Organised Crime and Corruption Reporting Project (OCCRP), an investigative journalism group, and together discovered the identity of the two men.

They are allegedly among 74 people who are wanted in China for being involved in an online gambling syndicate.

The pair may also have significant property holdings in Dubai, and their whereabouts are currently unknown.

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