Singaporean man admits to laundering nearly S$170,000 in dirty money from fraud cases in US


SINGAPORE: A Singaporean man who laundered nearly S$170,000 (US$131,627) in scam proceeds from victims of wire fraud in the United States has been convicted in a district court here.

Jayakanth Mukku, 55, pleaded guilty on Oct 6 to three counts of acquiring criminal benefits. One similar charge will be taken into consideration for his sentencing on Oct 24.

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