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China born StanChart RM arrested in China for harbouring wanted criminal

Rogue Trader

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Singapore banker detained in China

20120317.164216_20120317-eden.jpg

Miss Eden Wu Yidian and her American fiance, Mr Jason David Tan, who are engaged and had planned to get married in Singapore on Mar 24.

AsiaOne
Saturday, Mar 17, 2012


A Singaporean banker working in Shanghai as a relationship manager for Standard Chartered Bank's private banking business has been detained in China.


Ms Eden Wu Yidian, 31, has been held in a Wuxi jail near Shanghai since March 6 for allegedly harbouring a client who is on the run after embezzling US$50 million (S$63.4 million), according to news reports quoting her fiance.


Ms Wu was due to return to Singapore to get married on March 24, said The New Paper.


Although she has not been charged with any crime, Chinese police are investigating a client of hers who allegedly fled the country after embezzling money from the state-owned Agricultural Bank of China.


The client was an employee of the bank's branch in Jiangyin, a city in Jiangsu province near Shanghai, reported The Financial Times.


According to The Straits Times, Ms Wu came to Singapore 10 years ago after graduating from a university in China. She is said to be fluent in English, Mandarin, Hokkien and Japanese.


She started working in the banking sector after passing an accountancy exam. Ms Wu eventually took up Singaporean citizenship and is engaged to business consultant Mr Jason Tan, a 34-year-old Chinese-American living in Shanghai.


Mr Tan told Lianhe Wanbao that he had not been able to see his fiance for nine days but was allowed to speak to her on the phone. The last time he spoke to her was on Thursday.


He added that he and his parents are worried for her and she had pleaded for help.


Since January, Ms Wu had been summoned by Chinese police for questioning five times, said Mr Tan.


Ms Wu did not think anything of it initially and had told the police that she had to return to Singapore by March 8. However, she was detained when she visited the police station with her fiance.


Mr Tan told New York Times: "After I had waited outside the police station for about an hour, the police told me she was being detained."


The police also handed her diamond engagement ring, watch and necklace to him, reported Shin Min Daily News.


Mr Tan said he had accompanied her at least twice on her earlier visits to the police station and even witnessed her putting her thumbprint on some documents.


He was not allowed to sit in when she was questioned but she had told him of the sessions, said Mr Tan.


He also told Lianhe Wanbao that Ms Wu had not taken any money and was not aiding or harbouring anyone involved in the case.


Mr Tan said that since she started working in the private banking division in Shanghai nine months ago, Ms Wu had had the opportunity to mingle with some of the wealthiest people in China.


The Straits Times said that a Standard Chartered spokesman confirmed that Ms Wu was the bank's employee and said it was providing support by liaising with her family and legal representative.


The Standard Chartered spokesman also told The New Paper: "We are unable to comment on Eden's detention as this is part of an ongoing investigation by the police, but we can confirm that Standard Chartered is not being investigated."


Mr Tan said that the stress, anxiety and sleepless nights had caused him to lose 6kg since he last saw her.


Singapore's Ministry of Foreign Affairs said that the Singapore Consulate-General in Shanghai is aware of the case, which is currently under investigation.

It said it will render all necessary consular assistance, including paying visits to Ms Wu, said The Straits Times.



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scroobal

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They should hang these people to dry. Workers in Apple factory work like slaves while their leaders plunder the state organisations and helped by New Singaporeans.
 

matamafia

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This example is exactly what LKY's Financial Hub is about, Private Banking to launder criminal funds and corruption money & drug-Blood Money! Take note and make no mistake about it.

PAP LKY's clean Singapore is the world's most filthy and foul blood money hub. That is exactly the secret that gives explanation of LKY's hard truth on Singapore Miracle. The magic is laundering all the black funds and white-wash the corruption funds. Providing a One-Stop Hub for Criminals & Corrupts to enjoy 1st World Life at Singaporean peasants' expense.

It is miracle because wealth seemed to emerge from no-where, the hard truth is they are the laundered white-washed drug and crime funds from everywhere else. Not earned by any PAP success stories or fairytale.
 

matamafia

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I would rather the money come to our shores than somewhere else.

Every time they put one White Pants + Shirt camouflage and claimed squeaky clean and un-corrupt etc you must fuck them!

LKY is the whore cum pimp hub here calling himself the clean system! :*::oIo:
 

scroobal

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Bro, have the disagree. When the Americans pressuresd the Swiss, the latter did not have leverage and gave in. We on the other hand offer the US A grade intelligence for the region, military base and facilities in order that they allow us to expand diry money facilities. We did it with the Indons, then the Malaysians, follwoed by the Burmese, now India and China. Its is truly sad.



I would rather the money come to our shores than somewhere else.
 

Rogue Trader

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Every time they put one White Pants + Shirt camouflage and claimed squeaky clean and un-corrupt etc you must fuck them!

LKY is the whore cum pimp hub here calling himself the clean system! :*::oIo:

Whether their fashion sense offended you is another discussion..

There are always international crooks and oppressive regimes making money out of exploiting other people. It has been happening from the beginning of time and it will still happen long after you and I are gone.

If singapore doesn't provide a secure facility for them to park their ill gotten gains, they will just take it to another shore. After that it's business as usual.
 

Rogue Trader

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When the Americans pressuresd the Swiss, the latter did not have leverage and gave in.

Funny you brought Americans into the discussion. They are the biggest deal brokers in the world. If they cracked open the swiss safe, it was definitely something in there for them. al qaeda terrorist funding would be a start.
 

Rogue Trader

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How will it help the general population during the washing:confused::o

I dunno yet cos it would 52 man years to find out.

But I can say cash in bank has definitely helped with our major infrastructure projects. Or else singapore would have been getting loans from other governments, world bank etc for many things.
 
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