SINGAPORE - The police have taken control of more than $2.4 billion worth of assets in Singapore’s worst money laundering case.
Other confiscated items include 68 gold bars, 294 luxury bags, 164 luxury watches, 546 pieces of jewellery, cryptocurrencies worth more than $38 million and 204 electronic devices, such as computers and mobile phones. Nine men and one woman were arrested and charged the next day with various offences including money laundering, forgery and resisting arrest.Since their arrests, they have appeared in court via video link several times.
The Straits Times had reported on Aug 28 that investigators were also looking at 24 people linked to the accused, with the police digging into assets they own and businesses they are involved in.
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