The first sign of trouble something big was afoot came in 2021 when the authorities noticed possible forged documents being used to substantiate sources of funds in bank accounts here. To not alert the suspected money launderers, only a small group of police officers were...
Following islandwide raids on Aug 15, assets seized or issued with prohibition of disposal orders is now worth more than $2.8 billion.The first sign of trouble something big was afoot came in 2021 when the authorities noticed possible forged documents being used to substantiate sources of funds in bank accounts here.
Following islandwide raids on Aug 15, assets seized or issued with prohibition of disposal orders is now worth more than $2.8 billion, making it one of the world’s largest money laundering cases. Mrs Teo said: “The police analysed the information and probed further, quietly. To avoid alerting the suspects, the work was kept to a very small group of officers, and a decision was made to hold off any enforcement or overt investigative actions.”
Following the extensive reviews of information and evidence, the police conducted a massive islandwide blitz on Aug 15 that involved over 400 officers led by the Commercial Affairs Department. “In this case, we started investigations because we suspected that offences had been committed in Singapore. Once we confirmed our suspicions, we acted.”
The 10 suspects are Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming and Wang Baosen.She said the police had conducted further operations, and more than $2.8 billion worth of assets have been taken control of by the authorities.
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