Money laundering accused lied about being a fugitive from China; S’pore court rejects bail request

Chen Qingyuan is listed in a wanted notice, with the authorities in China looking to arrest him over fraud allegations. - ST ILLUSTRATION

SINGAPORE: Money laundering suspect Chen Qingyuan was denied bail on Friday (Nov 17), with the court calling him out for lying to the authorities about his status as a fugitive from China.

Chen, an accused in the S$2.8 billion money laundering probe in Singapore, is listed in a wanted notice, with the authorities in China looking to arrest him over fraud allegations.