Indian-origin man jailed for 20 months in money laundering case

A 65-year-old Indian-origin Singaporean has been jailed for 20 months for laundering $200,000 from a Swiss bank account and giving it to a third party he never met.

S. Kabaleeswaran had accepted the US dollars equivalent to SGD 246,960 in his account and transferred SGD 235,000 from the total to one Rosidah Said in 2013, The Straits Times reported on Friday.

He transferred the money to his Singapore account, and later gave it to a third party on the instructions of a woman he was attracted to online.

Investigations into the fraud transaction followed in Switzerland and Sing-apore but the money was never recovered.

Kabaleeswaran said he did not have reasonable grounds to believe the money was stolen. Kabaleeswaran, who was remanded last year, had his jail term backdated and has completed serving his sentence, but he is now appealing against his conviction and sentence.

But he admitted that he used the balance of SGD 11,690 to take his children to Bangkok.District judge Chay Yuen Fatt, in a judgement released on Thursday, said Kabaleeswaran was no “babe in the woods” and rejected his claim of being duped by the woman online, named “Lilian” whom he asked many times to meet in person but never did.

“He is not as simplistic and naive as counsel would like the court to believe. No doubt he was hoping that he could forge a long-term love relationship with Lilian, but it was clear from his evidence and statements that he was at all times, mature and sensible enough to be realistic about the outcome of such online dalliances,” the judge said.

Deputy Public Prosecutor Gregory Gan said Kabaleeswaran was laundering fraudulently obtained funds on the orders of two unknown individuals known only as “Lilian” and “Fayez”, both of whom he never met.

The court heard that fraudsters had impersonated a client of the National Bank of Abu Dhabi Private Bank (Suisse) in Geneva and had the $200,000 transaction executed in October 2013.

“...It was far from a case of someone blindly and unconditionally assisting someone whom he had fallen in love with. It may well be argued that as much as Lilian was baiting him, he was also baiting her by agreeing to assist her in order to get her to meet him in person,” Fatt said.

Kabaleeswaran, who was remanded last year, had his jail term backdated and has completed serving his sentence, but he is now appealing against his conviction and sentence.