sentencing

Cypriot national jailed in Singapore in $2.2 billion money laundering case

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Cypriot national jailed in Singapore in $2.2 billion money laundering case

A Singapore court jailed a defendant named Su Haijin for resisting arrest and money laundering charges, sentencing him to 14 months in prison. The case is part of a major money laundering probe that has resulted in the seizure or freezing of .2 billion of assets, including cars, luxury properties, cash, and jewellery. Su, a Cypriot national, was one of 10 foreigners arrested in Singapore last year. The investigation has led to the establishment of an inter-ministerial panel to review anti-money laundering measures and inspect financial institutions suspected of involvement.

Nicosia court convicts driver in cyclist’s death case

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Nicosia court convicts driver in cyclist’s death case

A 28-year-old defendant was sentenced to 18 months in prison for causing the death of well-known athlete and cyclist Nektarios Pettemerides in a fatal accident. The defendant was driving at a speed of 75-80 km/h in a 50 km/h zone, crossed into the opposite lane, and hit three cyclists, resulting in Pettemerides’ death. The trial lasted two years, with the defendant changing his plea from denial to admission. Thirteen witnesses testified during the hearing, and the severity of the offense and the defendant’s driving behavior were taken into account in the sentencing.

Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

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Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

Fact: Sam Bankman-Fried was sentenced to 25 years in prison for stealing billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.