Ex-POGO operator allegedly linked to Singapore money laundering ring

The proprietor of the illicit online wagering platform Hongli International, which operated in the Philippines and Cambodia, evaded detention during Singapore’s vast anti-money laundering operation last month.

According to the Straits Times, the platform’s founder, Wang Bingang, and his wife have not been seen for over a month, despite the fact that their Singaporean family residence is still occupied.

Wang was also listed as delinquent on his account with the Sentosa Golf Club, a prominent organization that multiple detainees in the investigations had joined.

Authorities in Singapore report that approximately SG$100 million in assets attributed to Wang Baosen, a cousin of one of the accused, have been seized or prohibited from being disposed of. Wang Baosen is allegedly affiliated with an international criminal organization.

Wang Bingang was detained and returned to China in 2015, with authorities alleging that his Hongli operation was linked to RMB984 million ($135.1 million) in illicit proceeds over a six-month period.

Prior to a crackdown, the Hongli wagering site operated as a Philippine Offshore Gaming Operator (POGO) before relocating to Cambodia.

Chinese authorities handed Wang Bingang a three-year sentence that expired in February 2018.

Original story by: Asia Gaming Brief