In a stunning revelation that has sent shockwaves through Singapore’s financial landscape, a 38-year-old man named Hao Jian has been charged with money laundering and operating an unlicensed remittance business after allegedly receiving almost $96,000 in scam proceeds through his company’s bank accounts.

Scam Links Unveiled!

Authorities began investigating Hao after multiple reports indicated that his firm, Qeebey Tech UK—registered in the United Kingdom—was receiving suspicious fund transfers between May and October 2020. Evidence uncovered by police highlighted Hao as the sole director and shareholder of the company, intensifying concerns over the source of the influx of money.

Unmasking the Operation

The investigation revealed a staggering total of approximately $1.55 million funneled through Qeebey Tech UK’s accounts, with funds linked to numerous scams targeting unsuspecting Singaporeans. Alarmingly, in April 2020 alone, one of the accounts received $95,978 suspected to be from fraudulent schemes.

The Man Behind the Curtain

Hao, a Chinese national, was not in Singapore when the investigation commenced but was apprehended upon re-entering the country in September 2024. He also directed a second company, Qeebey Tech HK, which engaged in similar activities, allegedly channeling around $1.99 million through its Singapore accounts between July 2019 and May 2020.

Legal Fallout and Warnings

Upon his charges on July 2, Hao's bail was revoked pending further review, with his preliminary hearing set for July 14. This case highlights the proactive stance taken by Singaporean officials against money laundering, warning the public to be wary of conducting bank transactions for others in exchange for compensation.

Serious Consequences Await!

The police made it clear that individuals found guilty of laundering criminal proceeds face severe penalties, including up to three years in prison and hefty fines reaching $150,000. They urged citizens to avoid lending their bank accounts for questionable transactions to protect themselves from unwitting involvement in illicit activities.