Businessman's lavish lifestyle and excesses exposed

Through the window glasses that had been obscured by blinds, the wealthy businessman passenger looked at the bustle that occurred at the building that was rented by Su Jianfeng. 
 
The passenger, Mr Su Binghai , was curious. He had learnt that his friend Su Jianfeng and some other fellow knew to him were arrested. 
 
Fearing that he would be singled out next, he asked his driver to return to the GCB that he was residing in at Jalan Asuhan, off Adam Road. 
 
When riding in the car for 10 minutes, he was reported to have made several calls to several people from Indonesia, Malaysia, and Dubai; he owns two houses in Dubai which cost half a million dollars. 2 million. 
 
He informed his wife, Ms Wang Manzu, upon coming home that they had to flee Singapore. He put between 20-30 Patek Philippe watches in the bags and also he lad taken as much money as he could. 
 
He then soon fled Singapore the same night his friends were arrested in what was to be SGs biggest money laundering scandal. 
 
Dismissing the case, Ms Wang left Singapore the following day – August 16, 2023. Holding their three children aged 11-15 and Mr Su’s parents who were staying with the family, the family fled Singapore within the next two months. 
 
Mr Su has now become a police suspect and a criminal from the face of the law. He is among the 17 individuals who are told to be heading what is stated to be $2. 1 billion of the $3 billion of the seized money. 
 
Several weeks after the raids, officers from the Commercial Affairs Department came to Mr Su’s home again and opened more than 10 safes and several locked rooms, in a forceful manner. 
 
They seized quite a number of his properties and provided prevention of disposal orders on other properties such as his fleet of luxury cars. 
 
An employee of the company out of the nine provided The Straits Times with information regarding his final moments in Singapore and his extravagant lifestyle. 
 
The employee said that he thought the man he called ‘laoban’ in Mandarin, ‘Su Zong’ or ‘director Su’ in Mandarin was implicated in the case. 
 
Having considered his security, he is being referred to as Dave and not his actual name. 
 
Despite the facts that it appears that Mr Su may not have much control over his assets in Singapore in the present time, he is fairly affluent. He also has friends in the emergent crime syndicates abroad. 
 
All the ten foreigners arrested in the operation in 2023 have been convicted, among the individuals is Su Jianfeng. Out of this, nine of them have been deported from Singapore. 
 
However, in pursuing justice for the victims, investigations of other people ; namely Mr Su Binghai and 16 other people in connection with the incident, are still ongoing. 
 
Among people Dave also is one of those who are providing information to the police in the case. 
 
BUSINESS OWNER 
 
The accused Mr Su who claimed to be a Cambodian citizen with passports of Vanuatu and St Kitt associated himself as a genuine businessman. 
 
He had been named as a director and shareholder in six enterprises among which New Future Holdings that was allegedly engaged in the development of application software. 
 
He also set the new future international a private equity firm in 2017 located in Hong Kong where the man has a residence. 
 
Sophisticated Ms Wang also joined Singapore Island Country Club whose membership for foreigners cost above $900, 000. 
 
Apparently, in 2022, Mr Su sponsored the charity golf event of the Singapore Disability Sports Council. He was also awarded in the Community Chest’s 2023 recognition as a donor. 
 
His family always ate in the best Chinese restaurants and would order a separate private dining room and he would pay cash since the couple had American Express Centurion cards. 
 
The relatively more famous invite-only credit card goes by the name of the “Black Card”. It has been reported that one has to charge about half a million dollars each year to the plastic credit card issuer firm to be provided with a membership. 

Dave said: “He would only have bundles of $100 bills crumbled in his pockets Their groceries, some bakeries or many restaurants would be paid cash by him after a meal’’. 
 
Mr Su had a fleet of nine luxury cars; blue F8 Spider Ferrari, red SF90 Stradale Ferrari, purple Cullinan Rolls Royce, black Phantom Rolls Royce and five more luxury cars. They are easily worth at least that amount when second-hand vehicles are taken into consideration. 
 
Dave said his boss would sometimes use the blue Ferrari to drive around. 
 
Seven of the cars were parked at his compound in Jalan Asuhan. There was also two other cars, a Tiffany-blue Rolls-Royce Phantom and a white McLaren GT at a house located at Rochalie Drive. 
 
They lived with their landlord Mr Su Bingwang, and in 2017, the current owner and Mr Su Binghai registered a company in Hong Kong. 
 
If Mr Su Binghai ate at home, he ordered costly wine or whiskey during the meal, sometimes, few jiggers of his preferred 35-year-old Macallan whiskey that goes for more than 15,000 US dollars per bottle. 
 
This means that his employees ranging from his own personal staff such as a cook who served the family and any other thing the family demanded. 
 
“He paid me in cash initially then proceeded to make bank transfers; he was rather demanding and refused to accept no as an answer” Dave’s exposure to the family employed by the powerful Karmanns began at the beginning of the year 2023. 
 
Dave worked without a break for a week without taking any days off. His day would start at 6. Operation stretched from as early as 30 am to late in the evening. 
 
He said Mr Su would thrust himself into last-ditch requests for a round of golf, movie tickets or dinner at restaurants that do not entertain bookings. 
 
He was the commanding type who wanted to play at the golf clubs any time he wanted, including when the courses were surely booked. 
 
“He would then go on to tell us that we had to do it anyhow to accommodate him and his friends,” says Dave. 
 
Mr Su liked to wine and dine his friends in the 19,000 sq ft estate he had, in utmost private. 
 
Such a party held in early 2023 had more than 60 people. Some of the foreigners that are among those that would be convicted in the money laundering case were seen attending the dinner accompanied by their wives and children. 
 
During the parties, black and white American luxury cars of the guests’ were parked on the side of the road.

“There were waitresses my boss would hire to serve the guests, while there could be as many as five private chefs preparing meals for them said Dave”. 
 
As for leisure, after supper, his friends would sing Chinese songs in karaoke studio or go to the private message rooms and sauna for further discussions. They also took whiskey and Cuban cigars. 
 
When it came to matters concerning masculine privacy, particularly when Mr Su required a cubicle unto himself, he had a massive bungalow in the Stevens Road vicinity. The home was rented by Wang Dehai 30 years old from Hong Kong one of the foreigners who was found guilty of money laundering. 
 
They could dance vociferously at the 12,800 sq ft property until the wee hour of the morning, and hired social escorts on regular basis. 
 
Checks by Standard Times indicated that the house which was leased by Wang is listed for sale at $48 million in July. 
 
They have Hermes tableware and houseware, expensive oil paintings and crystal figurines at the four-storied residence in Jalan Asuhan. 
 
Some online consultations revealed that a single fork or spoon can cost as much as $185 and a salad bowl, $2,000. They had a large, floor to ceiling, walk-in closet filled with branded clothes. 
 
The man whose house was searched – according to Dave – visited the house several times, and the man’s acquaintance, representatives of such brands as Louis Vuitton, delivered new clothes and bags to the house. 
 
ST also wanted documentation and thousands of pictures involving Mr Su, his wife, children and their home to substantiate Dave’s claims. 
 
Others depict the lavish lifestyle that the couple led; they went to China and Europe on a regular basis. Commonly they traveled in first or business class but at times they would hire private jets for traveling. 
 
One of the photo features is a holiday photo of Mr Su accompanied by Su Jianfeng. Their families had traveled with them to the said trip. 
 
Dave gave his boss and his wife the account, according to which they traveled to Britain and Dubai for two weeks each time during Dave’s employment. 
 
Mr Su Binghai is also seen within a picture attending the 2018 Fifa World Cup final match that was staged in Moscow together with his family and they were seated near the VIP boxes. 
 
“I thought something was off a few weeks into the job. Here was a rather affluent family and I never saw my boss work a day when I was working for him, said Dave. 
 
Things escalated to the violent attacks that happened in August 2023. 
 
“Yet another participant of the interviews said that, on the day of arrests, my boss had heard the bust was going to happen and ordered one of the chauffeurs to take him past Su Jianfeng’s house to check what was going on. ” 
 
Mr Su Binghai then went back to his home and then proceeded to pack his bag. 
 
Looking back, Dave said, “I recall seeing between 20 to 30 Patek Philippe watch boxes that were empty on the floor when the man was through,” 
 
Mr Su and his wife said that they later called the employees from overseas, but they refused to reveal more about their identities. 
 
“He was obviously trying to explain to all of us (employees) that he had nothing to do with it, and things would be okay,” Dave continued. 
 
CLOSE LINKS 
 
In one of the operations, Singapore-based Mr Su and another man, identified as Mr Su Fuxiang, were found to have bought some of them through their firms, in some cases within two months to the time of the police raids. 
 
Jiasheng Amoy was mostly owned by only one man by the name of Mr Su Binghai and he also acted as the director of the entity. For the expansion in the same year, the company purchased a three-storey unit in 182 Telok Ayer Street and four adjacent two-level shops – Numbers 55 to 58, Amoy Street. 
 
Su Fuxiang, a Singaporean businessman acquired a string of shophouses in Boat Quay for S$80m in June of the year 2023 through Suyh Holdings. 
 
Like Mr Su Binghai, Mr Su Fuxiang, and Mr Su Bing Wang, many of the brothers fled Singapore after the raids. 
 
These shophouses were later retrieved by DBS Bank after the companies which purchased the homes to be let out entered a receivership. 
 
According to known information, in June 2024, DBS wasquoted for more than $100 mln for the 13 shophouses. 
 
Records available to ST reveal that Mr Su Binghai too invested in a unit at The Marq on Paterson Hill an upscale luxury apartment where Wang Dehai also invested in a unit. 
 
Currently, Wang was convicted for the money laundering case, but he purchased his apartment using $23 million of the proceeds of criminal business conductivity at an unlawful gambling syndicate in Philippines. 
 
Dave affirmed that his boss went to house warming party with a man known to him only as Mr Su Fuxiang, who operates an investment company and another man by the name Su Yongcan in what he believed to be in the year 2023. This event was carried at Wang’s unit at The Marq. 
 
Interpol red notice against Su Yongcan, who is the brother in law of both Wang and Su Jianfeng, was only issued later at the request of the Singapore Police Force. 
 
Regulatory authorities in China have listed the three as key suspects for involving them in an online gambling syndicate as early as 2015 from the Ministry of Public Security. 
 
Other relation or neighbors- Mr Su Binghai and Su Yongcan lived in Jalan Asuhan and were neighbors. Dave was sure that Su Yongcan and his wife used to go to parties given by his boss fairly often. 
 
THE END 
 
Some said the operations and Mr Su Binghai’s disappearance, many of his business associates’ severed ties with him and his wife as well as their companies. 
 
New Future Holdings documents formerly seen by ST reveal that he was fired on Sept 18, 2023. The company offered that he owes them32,150 Pieces of Cocoa worth over 26,000 USD. 
 
There are also mortgage payment bills which indicate that he was still with a certain loan of more than 1200. 4 million to his unit in The Marq commercial development. 
 
What about the owner Su Yongcan, according to Dave, employees had told him that the foreigner had departed to Singapore before the Aug 15 raids.