SINGAPORE – Li Huabo, a former local government official accused of a 94 million yuan ($15 million) fraud in China, was sentenced to 15 months in jail for receiving stolen money in his Singapore bank accounts.
Prosecutors proved their charges against Li, 51, beyond reasonable doubt, Singapore subordinate courts Judge Siva Shanmugam said in handing down his verdict today.
Li had testified he was coerced into making a confession to police that he masterminded a scheme to embezzle the funds. The former section director at Poyang county’s finance bureau in China's southeastern Jiangxi province had denied three charges of receiving S$182,700 ($147,600) in stolen money in his Singapore accounts, claiming he was framed by former co-workers.
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