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Wang and Hongli International aren’t the only focus of the investigation. Another group, Heng Bo Bao Wang, has also landed on investigators’ radars for its possible involvement. One of its leaders, Wang Shuiming, is among the 10 people the police arrested in the initial raid.<\/p>\n<\/div>\n
He’s facing at money laundering and forgery charges and may be making a deal in exchange for a reduced sentence.<\/p>\n
Banks in Singapore are already assisting with the investigation, and the fallout may be reaching other Asian regions. While it didn’t specifically link its decision to the money-laundering scandal, Indonesia announced over the weekend that it would close all bank accounts that could be involved in illegal gambling.<\/p>\n
On Sunday, the Financial Services Authority said that Indonesia’s Ministry of Communication and Information Technology had requested that certain bank accounts be blocked. Those accounts were allegedly receiving deposits from illegal online gambling activity.<\/p>\n","protected":false},"excerpt":{"rendered":"
One of the masterminds behind the recent money laundering scandal in Singapore reportedly has an extensive history in the gambling space. Wang Bingang is a Chinese national and an illegal gambling entrepreneur who is now trying to avoid capture for his alleged involvement in the massive scheme, according to The Straits Times. Wang owns Hongli […]<\/p>\n","protected":false},"author":64,"featured_media":290973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21],"tags":[81913,82370,81894,81922],"acf":[],"yoast_head":"\n
Chinese Gambling Boss Reported Behind Singapore Money Laundering Ring - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n