SINGAPORE: The recent billion-dollar money laundering case will be addressed in three ministerial statements at the next Parliament sitting on Tuesday (Oct 3).
According to the order paper released on Monday, Second Minister for Home Affairs Josephine Teo, Minister of State for Trade and Industry Alvin Tan, and Second Minister for Finance and National Development Indranee Rajah will be giving the statements on the case. Mr Tan will address parliament on behalf of Deputy Prime Minister and Minister for Finance Lawrence Wong.
MP Murali Pillai also asked about whether the 10 suspects are currently or will be investigated for running any organised crime syndicate in or from Singapore, and whether additional steps will be taken to protect the real estate market from being targeted by money launderers. MP Don Wee asked whether ACRA pays attention or conducts surveillance on foreign directors, beneficial owners and local directors appearing to be nominee directors, while MP Saktiandi Supaat asked about how many ACRA-registered businesses are currently “dormant” and how often does the authority check on the reasons why inactive companies remain registered.
MP Louis Chua wanted to know if there are plans by the Public Transport Council to remove the 15.6 per cent fare increase deferred for future fare review exercises, after this year’s 7 per cent rise. In another question, Ms Mariam also asked the Ministry of Trade and Industry about the number of cases referred to the Committee Against Profiteering per quarter since it reconvened in March 2022. She wanted to know how many of these cases were found to constitute profiteering, the penalties imposed, and the number of repeat complaints received.
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