3AC founder Su Zhu says prison ‘good for you’ after four-month stay
Sleeping on a mat for four months in Singapore prison brings you “closer to your ancestors,” Su Zhu claimed in an unreleased podcast.
Sleeping on a mat for four months in Singapore prison brings you “closer to your ancestors,” Su Zhu claimed in an unreleased podcast.
According to a statement from 3AC’s liquidator, $1.4 billion in assets have been frozen while creditors are still owed around $3.3 billion.
In a two-day private hearing, Su Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC.
The 3AC co-founder and his wife reportedly bought the property in December 2021 for $35 million but within a year were looking to sell it.
Police arrested Su Zhu at Singapore’s airport and will now imprison him for four months as liquidators attempt to recover any 3AC assets.