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Singapore has arrested the former captain of alleged fraud ringleader Chen Zhi’s yacht. (PHOTO: Getty)
Singapore police arrested one person US approved man According to Bloomberg, he operates a superyacht on behalf of the alleged mastermind of one of Asia’s largest fraud networks.
Nigel Tang Wan Bao Nabil He was arrested after returning to Singapore on December 11, according to a statement made by police on Thursday (December 18) in response to Bloomberg’s query. Tang is currently out on bail, according to sources familiar with the matter who asked not to be identified.
Police reportedly said in a statement that Tang was arrested “due to his suspected involvement in money laundering offences.” It is believed to be linked ChenZhi, The United States accused him of leading a transnational criminal ring that operated a fraud network of enslaved workers and companies affiliated with him.
Prosecutors in the US alleged that Chen and the Prince Holding Group stole money from victims of online “pork butchering” operations in the US and other countries and laundered billions of dollars in illicit funds. The US said the 38-year-old is currently “at large.”
Tang, 32, is one of three Singapore citizens sanctioned by the US in October. Ties with Chen.
