Bedok Resident Linked to $3B Money Laundering Case Admits Guilt

Wang Junjie, a former corporate service provider in Singapore, pleaded guilty to conspiring to cheat the Inland Revenue Authority of Singapore (IRAS) as part of a $3 billion money laundering case. He was linked to nine companies associated with three foreign nationals charged in the largest money laundering case in Singapore's history. Wang, who managed at least 185 active companies, admitted to making false representations while serving as a director for Yihao Cyber Technologies. The court proceedings revealed that he had initially claimed trial but changed his plea on June 3, 2026. He will be sentenced on July 16, 2026, with 13 similar charges considered. The 10 foreign nationals involved received jail sentences ranging from 13 to 17 months and were deported after serving their terms. Wang's actions included breaching his duties as a nominee director and preparing false financial statements for his clients.

Key Points: • Wang Junjie pleaded guilty to conspiring to cheat IRAS in a $3 billion money laundering case. • He was associated with nine companies linked to three convicted foreign nationals. • Wang managed at least 185 active companies, providing corporate secretarial services without qualifications.