A Julius Baer private banker is set to plead guilty to abetting in a S$3 billion money laundering case.
23/10/2024
LIU Kai, a Chinese national relationship manager at Swiss private bank Julius Baer, is set to plead guilty to abetting one of the convicts in the S$3 billion money laundering case to use a forged document, the court heard on Wednesday (Oct 23).
He faces one charge under the Penal Code related to abetting Lin Baoying, the only woman convicted in the case, to submit a forged tax document in November 2020.
Police previously said Liu allegedly received various alterations of a forged tax document from Lin before submitting the final version to the bank as a supporting document to facilitate the opening of a bank account in Switzerland.
In court on Wednesday, his defence counsel, Anthony Wong of Lee & Lee, said Liu is “prepared to take a certain course, subject to resolving certain issues with the prosecution on ongoing investigations and the current charge”.
The prosecution noted that the police’s Commercial Affairs Department is still conducting investigations into Liu, having just received new information.
Liu is out on bail of S$15,000. His next court appearance is a pre-trial conference fixed for Nov 22.
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