Latest update April 18th, 2025 8:12 AM
Chinese woman on $1.7M bail for money laundering
Kaieteur News- A 30-year-old Chinese national was placed on $1.7M bail on Thursday for money laundering.
Ying Xin Su
Su appeared at the Diamond Magistrates’ Court before Principal Magistrate Judy Latchman, where she was charged with one count of money laundering. She was released on $200,000 bail.
The defendant also appeared at the Georgetown Magistrates’ Court before Acting Chief Magistrate Faith McGusty. She was slapped with six counts of money laundering. Su pleaded not guilty after the charges were read.
It is alleged that on September 17, 2021 in Georgetown, Su acquired two high-end vehicles, knowing or having reasonable grounds to believe that the said motor vehicles were derived from proceeds of crime. The second charge states that on April 20, 2022, the defendant acquired one Hino Dutro motor vehicle bearing registration number GAC 3215, knowing or having reasonable grounds to believe that the said motor vehicle was derived from proceeds of crime.
The third charge alleges that between or on February 1 and March 29, 2024, the defendant acquired $8.2M, being partial payment for the purchase price of property situated at Parcel 329 Block XXIV, Golden Grove, East Bank Demerara (EBD), from proceeds of crime.
The fourth charge alleged that on or between April 3, 2023 and April 28, 2024, the defendant acquired $2.2M, being full payment for the purchase price of land situated at Young Professional Scheme, Plantation La Bonne Intention, East Coast Demerara (ECD), from proceeds of crime.
The fifth charge alleges that on May 31, 2021, Su acquired one Audi Q motor vehicle, bearing registration number PYY 7887, knowing or having reasonable grounds to believe that the said motor vehicle was derived, in whole or in part, directly or indirectly from proceeds of crime.
The sixth charge alleges that on or between June 1, and June 30, 2021, the defendant acquired $5M, being full payment for the purchase price of property situated at Lots 79 and 80 South, East Block of Plantation, Grove, EBD, from proceeds of crime.
Su was represented by attorney-at-law Ganesh Hira who requested bail for his client. Magistrate McGusty released Su on $250,000 bail for each of the six charges, totaling $1.5M. The matters were adjourned to April 17, 2025.
(Chinese woman on $1.7M bail for money laundering)
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