By Xinghui Kok SINGAPORE (Reuters) - The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 ...
By Xinghui Kok SINGAPORE - The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion , police said on Wednesday. The assetsBy Xinghui Kok
The assets now include cash amounting to more than S$76 million, 68 gold bars, cryptocurrencies of more than S$38 million, more than 110 properties and 62 vehicles worth more than S$1.2 million.Last month, 400 police officers ran simultaneous raids across Singapore and arrested 10 foreigners in an anti-money laundering swoop.
During the raids, police seized S$1 billion worth of assets including bank accounts, S$23 million in cash, luxury homes, cars, bags, watches and two gold bars. The 10 also had various passports from Cyprus, Cambodia, Dominica, China, Turkey and Vanuatu.
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