In one of the biggest anti-money laundering operations here, the Singapore Police Force (SPF) rounded up a group of foreigners who had amassed about $1 billion worth of assets here. The group lived in good class bungalows (GCBs) and high-end condominiums, and owned luxury...
They are aged 31 to 44, and are suspected to be involved in offences of forgery, money laundering and resisting arrest.
The police had identified them through extensive investigations, including the analysis of suspicious transaction reports made by financial institutions about suspicious activity. The police said prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than $815 million, and multiple ornaments and bottles of liquor and wine.The police also seized more than 35 related bank accounts with an estimated total balance of more than $110 million for investigations and to prevent transfers of the suspected criminal proceeds.
Instead, the man allegedly jumped off the second-floor balcony and was found hiding in a drain, injured.He allegedly had other foreign passports believed to be issued by China and Cambodia.
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