Malaysian gets 5 years’ jail in Singapore for money laundering
A Malaysian man who was involved with a transnational criminal syndicate that controlled 70 accounts across seven banks, with RM2.63 million in savings, was sentenced to five years and 10 months’ jail and a fine of S$2,000 in Singapore today.
Tang Kang Yung, 35, would have to spend an additional week behind bars if he fails to settle the fine, the Straits Times reported.
He earlier pleaded guilty in November to multiple charges over offences including cheating and misusing a computer system. Cases involving two of his alleged accomplices – Malaysians Besmond Huan, 24, and Yew Chee Sian, 37 – are pending, while Yew’s wife, Angeline Chan, 38, said to be an alleged accomplice, is still at large.
The court was told that the syndicate “harvested” Singapore bank accounts and internet banking…
