Tag Archives: cars seized in Singapore’s billion-dollar swoop on money laundering

SINGAPORE: Singapore’s police said they have seized S$1 billion ($734.32 million) in assets from a gang of foreigners laundering proceeds from organised crime, including plush bungalows in the most sought-after addresses, bundles of cash, luxury cars, jewellery, handbags and gold bars. In one of its biggest money-laundering cases, police said 400 officers fanned out across Singapore on Tuesday and launched …

Read More »