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Edited by Ritu77 at 23-12-2023 05:31 PM
On October 3rd, according to Bloomberg, Singapore authorities have further expanded the total value of assets seized or frozen in the region's largest money laundering case to 2.8 billion Singapore dollars (equivalent to 2 billion US dollars). These assets include 152 properties, 62 cars, thousands of bottles of alcohol, cryptocurrencies, gold bars, and jewelry. It was also mentioned that the government may tighten immigration regulations to curb the inflow of illegal funds.
Initially, the amount involved in the case was over 1 billion Singapore dollars, which later increased to 1.8 billion Singapore dollars, and on September 20th, it rose to 2.4 billion Singapore dollars. As of today, October 3rd, the total value of assets frozen or subject to restrictions has increased to 2.8 billion Singapore dollars.
BlockBeats previously reported that in mid-August, Singapore police sealed and froze 1 billion Singapore dollars (approximately 736 million US dollars) in cash and assets in the largest anti-money laundering operation, with initial findings indicating that all 10 individuals involved were originally from Fujian Province, China. Subsequently, on September 20th, according to Lianhe Zaobao, the total value of assets involved in the case increased to 2.4 billion Singapore dollars. |
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Post time 7-10-2023 12:41:57