What was the total sum Zhang Qingqiao paid for the sham investment?

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Zhang Qingqiao Paid S$360,000 in Sham Investment Scheme

Zhang Qingqiao paid S$360,000, equivalent to RM1.1 million, as part of an arrangement that involved receiving an employment pass through a company. This payment was presented as an investment, which promised fixed monthly dividends and the issuance of an employment pass by MW Dynamics. Zhang received these monthly payments for 13 months, which he understood to be a return of his principal investment along with dividends.
Investment and Employment Pass Arrangement

Under the terms of the agreement introduced by Wang, Zhang Qingqiao was to receive a fixed dividend of S$10,000 per month for a duration of 36 months, in addition to obtaining an employment pass from MW Dynamics. This arrangement was presented as a pathway for Chinese nationals like Zhang, who were seeking Singapore permanent residency.
Monthly Payments Received

Although Zhang Qingqiao did not undertake any actual work for MW Dynamics, the company made monthly payments of S$10,000 to him. These payments were received for a period of 13 months and were understood by Zhang to represent both the repayment of his initial investment and the agreed-upon dividends.
Role of Wang Jue

Wang Jue, identified in court documents as a Singapore citizen, was convicted of conspiring to make a false statement on an employment pass declaration form. The court determined that the investment arrangement presented to foreigners was a sham, with the primary tangible benefit being the employment pass itself. Wang had previously been implicated in another case involving a significant sum paid by a Chinese national seeking permanent residency in Singapore.

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What was the total sum Zhang Qingqiao paid for the sham investment?

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