Singapore Charges Two Chinese Bankers in $2.3 Billion Money Laundering Case

(Bloomberg) — Singapore has charged two former bank relationship managers for their alleged involvement in a S$3 billion ($2.3 billion) money laundering case.

Wang Qiming, 26, a Chinese national, was charged with 10 counts including forging documents for the purpose of cheating the bank, according to charge sheets read out in court. He used to work at Citibank Singapore Ltd., according to records with the Monetary Authority of Singapore.