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Singapore money-laundering case claims another Zhang family member

Original: Singapore's S$3 billion money-laundering case has claimed another member of the Zhang family. Zhang Ruisheng, 54, a Chin

Zhang Ruisheng, a 54-year-old Chinese national working in Singapore as an investment advisor at Golden Eagle Family Office, was jailed for 12 months after pleading guilty to possessing about S$17.6 million linked to the city-state's sprawling S$3 billion money-laundering investigation. He is the latest member of the Zhang family to be convicted in the case, which has implicated dozens of foreign nationals with assets seized.

Why now: The sentencing of another relative adds to the ongoing fallout from Singapore's largest money-laundering scandal.

Zhang RuishengSingaporeGolden Eagle Family Office

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