Singapore police seize RM1.8bil in cash, assets from two men Straits Times identified as being linked to money laundering case

Singapore police seize RM1.8bil in cash, assets from two men Straits Times identified as being linked to money laundering caseBusinessmen Su Shuiming and Su Shuijun have been placed on the wanted list in China. - PHOTOS: ZHOUCUN, ZIBO CHINESE POLICE

Although they did not identify the suspects, The Straits Times understands the individuals are businessmen Su Shuiming and Su Shuijun. ST contacted the police then to confirm that the men were linked to the case in Singapore, but a spokesman declined to say if they are involved in or assisting with any investigations in the Republic.

“The police had also frozen bank accounts with a total balance of more than $157 million, and seized about $93,000 in cash, and more than 200 pieces of jewellery, luxury bags and collectibles,” the statement added. For real estate properties, the police said they will cause a caveat to be lodged in the Land Titles Registry against them.

In a report on May 16, ST and OCCRP revealed that Shuiming and Shuijun own more than $31 million in properties in Dubai. Chen, who was identified by the MInistry of Law as one of 24 known associates of the money launderers, shares his home address at Gramercy Park in Grange Road with Su Haijin, and Su Baolin’s wife, Ma Ning.

The police, in their statement on May 22, also said that investigations are ongoing against 15 other people who are not in Singapore.

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