in August for their alleged involvement in laundering the proceeds of their overseas organised crime activities.The police said that during these operations, additional assets were seized and issued with prohibition of disposal orders.Cash, including foreign currencies, amounting to over $76 million, were also seized.
Other confiscated items included 68 gold bars, 294 luxury bags, 164 luxury watches, 546 pieces of jewellery, cryptocurrencies of more than $38 million and 204 electronic devices, such as computers and mobile phones. Prohibition of disposal orders were also issued against more than 110 properties and 62 vehicles worth more than $1.242 billion, as well as bottles of liquor, wine and multiple ornaments.On Aug 15, the police conducted a massive islandwide blitz involving more than 400 officers led by the Commercial Affairs Department, simultaneously hitting several good class bungalows and high-end condos across Singapore.
Nine men and one woman were arrested and charged the next day with various offences including money laundering, forgery and resisting arrest.
Source: Digital Coin News (digitalcoinnews.net)
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