• AutoTL;DRB
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    fedilink
    English
    31 year ago

    This is the best summary I could come up with:


    Singapore police have seized about S$1bn ($735m; £578m) - including luxury homes, cars and watches - in one of its biggest anti-money laundering probes.

    Gold bars, designer handbags, wine and S$23m in cash were among the items seized in the raids.

    It added that 94 homes, including houses in some of the country’s most sought after areas, were seized, along with 50 vehicles.

    Ten people, aged between 31 and 44, were arrested for alleged money laundering and forgery offences.

    “We have zero tolerance for the use of Singapore as a safe haven for criminals,” said David Chew, director of the police’s Commercial Affairs Department, which investigates white-collar crime.

    It added that it would take “firm action” against institutions which did not meet official anti-money laundering requirements.


    I’m a bot and I’m open source!

  • @cyd
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    English
    11 year ago

    Do these contribute to the budget? Huat ah!