ChainCatcher reported that according to Lianhe Zaobao, one of the defendants in the sensational 3 billion Singapore dollar money laundering case in Singapore, Zhang Ruijin (45 years old) was sentenced to 15 months in prison after pleading guilty. Zhang Ruijin was suspected of transferring 36 million Singapore dollars of criminal proceeds to his bank account in Singapore through a Hong Kong company and forging documents to deceive local banks. He was involved in the highest amount of money in this case, and the sentence he received was also the longest among the defendants in the case.

It is reported that Zhang Ruijin is suspected 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 counts of violating the Corruption, Drug Trafficking and Serious Crime (Confiscation of Benefits) Act, as well as four counts of using forged documents.

When sentencing, the judge said that considering the complexity of Zhang Ruijin's case, the involvement of transnational crime, and the use of forged documents to defraud banks, in order to maintain Singapore's reputation as an international financial center, the punishment must be sufficiently deterrent.

The total value of assets seized from Zhang Ruijin is approximately S$131 million, including cash, real estate, vehicles and cryptocurrencies. About 90% of the assets were confiscated after the case was sentenced, including two bungalows worth S$16 million and S$15.5 million respectively located in Pearl Island, Sentosa, which he and his mother each owned separately.