Money laundering accused Su Jianfeng had allegedly worked with a Singapore-based businessman to sell properties in Dubai worth tens of millions to foreigners in Singapore, a data leak of property transactions showed.
The investors include individuals wanted in China, three people implicated in the $3 billion money laundering probe, others identified by the Ministry of Law (MinLaw) as their associates, and a China-born businessman who left Singapore abruptly amid the probe.
In total, they bought at least 126 properties worth more than 537 million dirhams (S$197 million).
This was verified with the use of official passport identification numbers and title deeds in the Dubai Land Registry. Only properties that have been fully verified were included in this report.
The properties were mostly marketed by Dubai real estate firm Fidu Property Real Estate Brokerage, which primarily targets buyers from China, and developed by Emaar Properties.
In 2022, the developer had a net asset value of US$37.6 billion (S$50.6 billion).
The property transactions were revealed in a data leak uncovered by the Organised Crime and Corruption Reporting Project (OCCRP) investigative journalism group.
The leak, titled Dubai Unlocked, was published by the non-governmental organisation on its website on May 14.
It revealed details of alleged money launderers around the world who own properties in Dubai worth hundreds of millions.
The data was obtained by the Centre for Advanced Defence Studies (C4ADS), a non-profit organisation based in Washington, DC that researches international crime and conflict.
It was then shared with Norwegian financial outlet E24 and the OCCRP, which coordinated an investigative project with dozens of media outlets from around the world, including The Straits Times.
ST, working with OCCRP, found links between Su Jianfeng and businessman Su Sihai. Both men are originally from China.
この記事は The Straits Times の May 18, 2024 版に掲載されています。
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この記事は The Straits Times の May 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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