Brother of convicted money launderer forfeits $10 million Sentosa bungalow; handed one year jail

Published Oct 20, 2026, 12:20 PM

Updated Oct 20, 2026, 12:20 PM

SINGAPORE – The brother of one of the 10 foreigners convicted in the $3 billion money laundering case has been found guilty of one count of possessing more than $17 million in criminal proceeds.

On Oct 19, Zhang Ruisheng, the older brother to convicted money launderer Zhang Ruijin, 47, was sentenced to 12 months jail. He also agreed to forfeit his property at 69 Cove Drive, along with his Toyota Veilfire, to the state.

Court documents showed the 54-year-old had received around $17.6 million in his CIMB account in 11 transfers made between August 2020 and September 2020.

The first transfer was made around a week after he opened the bank account.

Ruisheng, who was in Singapore on a work pass, was hired as an “employment advisor” by Golden Eagle Family Office at the time of the offences.

Ruijin and his wife Lin Baoying, 46, were then directors of the family office. They owned it outright through their holding company Golden Eagle Assets.

When questioned by CIMB, Ruisheng claimed the proceeds were from a property in Macau, which he said was sold for HK$87.7 million ($14.3 million). As proof, he submitted a purported sales and purchase agreement dated Aug 8, 2020 to the bank.

Ruisheng also submitted a fake loan agreement dated March 23, 2020, to show he had provided a personal loan of $6 million to a company named Han Li Limited. He said he was due to receive repayments in two tranches within a year of the agreement.

Following the submission of the forged documents, Ruisheng used the money in his CIMB account, splashing more than $10.4 million on a sprawling Sentosa home.

CIMB eventually decided to terminate their relationship with Ruisheng and closed his account in December 2020.

Before his account was closed, Ruisheng withdrew the remaining balance of nearly $5 million and later used it to front a 20 per cent deposit for another Sentosa Cove property, in the name of a third brother.

The prosecution said investigations into Ruisheng had commenced on Aug 15, 2023, the same day the criminal network was exposed in Singapore.

Authorities then seized his luxury seven-seater car and issued a prohibition of disposal order against his 69 Cove Drive property.

Both Ruijin and Lin were each sentenced to 15 months’ jail in 2024 for their roles in the 2023 $3 billion money laundering case in Singapore. The pair were deported to Cambodia in June 2024 after serving their sentences.

Ruijin had forfeited nearly $118 million worth of assets to the state in 2024. Lin similarly forfeited around $154 million to the state in 2024, following her conviction.

发布于2026年10月20日下午12:20

更新于2026年10月20日下午12:20

新加坡——在涉案金额高达 30 亿美元的洗钱案中，10 名被定罪的外国人之一的兄弟被判犯有一项持有超过 1700 万美元犯罪所得的罪名。

10月19日，因洗钱罪被定罪的47岁张瑞金的哥哥张瑞生被判处12个月监禁。他还同意将其位于科夫大道69号的房产以及他的丰田Veilfire汽车上缴给州政府。

法庭文件显示，这位 54 岁的男子在 2020 年 8 月至 2020 年 9 月期间，通过 11 次转账，在其 CIMB 账户中收到了约 1760 万美元。

在他开立银行账户大约一周后，进行了第一笔转账。

瑞生当时持工作准证在新加坡，犯罪时受雇于金鹰家族办公室担任“就业顾问”。

瑞金和他的妻子林宝英（46岁）当时是家族办公室的董事。他们通过控股公司金鹰资产全资拥有该办公室。

瑞生在接受联昌国际银行质询时声称，这笔款项来自澳门的一处房产，他表示该房产以8770万港元（约合1430万美元）的价格售出。作为证据，他向银行提交了一份据称是2020年8月8日签订的买卖协议。

瑞生还提交了一份日期为2020年3月23日的虚假贷款协议，声称他向一家名为韩利有限公司的公司提供了600万美元的个人贷款。他表示，根据协议，他将在一年内分两期收到还款。

伪造文件提交后，瑞生动用了他在 CIMB 银行账户里的钱，豪掷 1040 多万美元在圣淘沙岛购置了一套豪宅。

CIMB 最终决定终止与瑞生的合作关系，并于 2020 年 12 月关闭了他的账户。

在账户关闭之前，瑞生取出了剩余的近 500 万美元余额，后来用这笔钱以他第三个兄弟的名义，为另一处圣淘沙湾房产支付了 20% 的定金。

检方表示，对瑞生的调查始于2023年8月15日，也就是该犯罪网络在新加坡被曝光的同一天。

随后，当局扣押了他的豪华七座轿车，并对其位于科夫大道 69 号的房产发出禁止处置令。

瑞金和林因参与2023年新加坡发生的30亿美元洗钱案，于2024年分别被判处15个月监禁。两人服刑期满后，于2024年6月被遣返回柬埔寨。

2024年，瑞金向国家上缴了价值近1.18亿美元的资产。林在被定罪后，也于2024年向国家上缴了约1.54亿美元的资产。