PETALING JAYA: An estimated value of S$1 billion in assets, including properties, vehicles, luxury goods and gold bars, have been seized or frozen in ...
An estimated value of S$1 billion in assets, including properties, vehicles, luxury goods and gold bars, have been seized or frozen in one of Singapore’s largest police probes into money laundering and forgery offences.
10 foreigners, between the ages 31 to 44, were of Cypriot, Turkish, Chinese, Cambodian and Ni-Vanuatu nationalities. They were arrested for their suspected involvement in the raid. None of the foreigners are either Singaporean citizens or permanent residents., there are 12 other people assisting with the investigations and eight people still on the run.
Prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than S$815 million, as well as multiple ornaments and bottles of liquor and wine. Police also seized more than 35 related bank accounts with a total estimated balance of more than S$110 million, cash, including foreign currencies, amounting to more than S$23 million, more than 250 luxury bags and watches, more than 120 electronic devices, more than 270 pieces of jewelleries, two gold bars, and 11 documents with information on virtual assets., the Monetary Authority of Singapore said it had worked closely with the police in the lead-up to the arrests.
Through extensive investigations, they identified a group of foreign nationals suspected to be involved in laundering the proceeds of crime from their overseas organised crime activities including scams and online gambling.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MyStartr secures US$1mil in latest ECF campaign, set to operate on secondary marketMyStartr has raised US$1 million through a Fundnel campaign led by 431 investors.
Read more »
Pemandu E-Hailing Didakwa Mati Dikunci Dalam Rumah Di Petaling Jaya, Ini Sebenarnya Yang BerlakuTuan rumah mengakui telah mengunci rumah tersebut pada 2 Julai lalu tetapi tidak mengetahui bahawa mangsa berada di dalam rumah.
Read more »
OGAWA, elevating Malaysia’s corporate wellness landscape for over 27 yearsPETALING JAYA: A Malaysian household name with a reputation that spans for nearly three decades, OGAWA has truly cultivated a formidable presence in t...
Read more »
Focus on reform agenda now that state polls are over, G25 urges AnwarPETALING JAYA: With the six state elections and the Terengganu by-election completed, G25 hopes that Prime Minister Datuk Seri Anwar Ibrahim can focus on the reform agenda.
Read more »
Health Ministry approves another 27 transfer appeals by MOsPETALING JAYA: The Health Ministry has approved another 27 medical officers' appeals for transfer, its minister revealed on Tuesday (Aug 15).
Read more »
“Datuk” dan dua anak didakwa sebabkan kematian lelaki warga IndiaPETALING JAYA: Seorang ahli perniagaan bergelar “Datuk” dan dua anaknya didakwa di Mahkamah Sesyen di sini hari ini, atas pertuduhan menyebabkan kemat...
Read more »