
Wang Shuiming, convicted in Singapore’s $3 billion money-laundering case tied to illegal gambling profits, has been arrested in the Balkans. He arrived in Montenegro on a private jet, using multiple foreign passports.
Wang, also known as Vang Shuiming, was among 10 individuals convicted in Singapore’s massive 2023 money-laundering case, one of the largest in history. He and his associates laundered S$3 billion (£1.77B/€2.14B/$2.19B) in illicit gambling and scam proceeds through banks and tech firms, primarily targeting bettors in mainland China.
Wang has claimed citizenship in both Turkey and China and also possesses passports from Cambodia and Vanuatu, reportedly acquired through “donations” to those countries. Last month, he traveled from the Maldives to Montenegro on a private jet, where police at Tivat Airport arrested him based on an Interpol red notice, which is issued for individuals wanted for extradition or similar legal proceedings.
His arrest was reported by Montenegrin media outlet Vijesti on 28 January. In Singapore, Wang was convicted of depositing S$3.2 million into four bank accounts using forged documents. He initially stated that the money came from a loan business in China but later claimed it was from real estate investments and gambling winnings in the Philippines.
As part of a plea deal, Wang agreed to forfeit S$240 million in assets, including 15 properties, a S$1.8 million Rolls-Royce Phantom, a S$1.3 million Bentley Flying Spur, a S$240,000 crystal Kawai grand piano, and Patek Philippe watches valued at S$17.4 million.
He served 14 months in prison before being deported to Japan upon his release in June 2024. However, he may still face arrest by Chinese authorities. According to The Online Citizen, a Taiwanese news outlet, Workers’ Party MP Sylvia Lim questioned the Ministry of Home Affairs last July about why Chinese nationals convicted in Singapore were not deported to China.