More assets seized from foreigners allegedly linked to money laundering scheme
The total amount of seized assets increased to $2.4b.
Singapore police revealed that they seized more assets from foreigners supposedly involved in laundering proceeds of organised crime such as online gambling and scams, increasing the total seized amount to $2.4b.
In a statement, the seizure of bank accounts with a total estimated value of over $1.127b, cash which includes foreign money, amounting to above $76m, “68 gold bars, 294 luxury bags, 164 luxury watches, 546 pieces of jewellery, cryptocurrencies of more than S$38 million, and 204 electronic devices such as computers and mobile phones.”
More than $1.242b worth of 110 properties and 62 vehicles, which issued with prohibition of disposal orders.
The probe against the accused foreign nationals is ongoing, police also said.
Read Here
Advertise
Sign Up
