Brother of $3b money laundering convict jailed for a year, forfeits $10m Sentosa bungalow
The brother of Zhang Ruijin — one of 10 foreigners convicted in the $3 billion money laundering case — has been sentenced to 12 months' jail for possessing over $17 million in criminal proceeds.Zhang Ruisheng, 54, was found guilty on Monday (Oct 19) and agreed to forfeit his property at Sentosa, 69 Cove Drive, valued at around $10 million.He also surrendered his Toyota Vellfire, a high-end luxury multi-purpose vehicle valued at around $400,000, according to SgCarMart.Ruisheng, a Chinese national, was in Singapore on a work pass under Golden Eagle Family Office as an "employment adviser".Golden Eagle's directors were his younger brother Ruijin and Ruijin's wife, Lin Baoying, CNA reported. Both of them were involved in the $3 billion money laundering case in 2023.According to court documents seen by AsiaOne, Ruisheng received around $17.6 million in his CIMB account across 11 transfers between August 2020 and September 2020.