$1b worth of GCBs, cars, and assets seized in S’pore; 30 foreigners probed for money laundering

[mojito]

there must be local bankers, accountants and lawyers assisting them in this money laundering
no arrest these bankers, accountants and lawyers?

They were deceived. Victims.

 

[millim6868]

Cb , poodles n pap all sleeping ,I think due to election coming they start to work ,no election all these cb kia listen to master all act blur

 

[Franjipani]

this year sure budget surplus after confiscating 1b.
next year more gst vouchers for poor singaporeans

 

[SinkieExile]

You mean the scam victims can now step forward to file and claim their losses ? But not easy to identify which scams were involved for that money.

The wealth derived from scamming and online casinos are mostly from foreigners outside of SG.

They can't step forward to file and claim their losses in SG. SG won't give a damn about them. All the money straight into state coffers. Assets all sell off take the revenue straight into state coffers too.

 

[Talking Donkey]

Definitely Tiongs.

Yes, it is confirmed, tiongs using their hongkies counterparts.

 

[JohnTan]

SINGAPORE - In one of the biggest anti-money laundering operations here, the Singapore Police Force (SPF) rounded up a group of foreigners who had amassed about $1 billion worth of assets here.

The group lived in good class bungalows (GCBs) and high-end condominiums, and owned luxury cars.

The police said it received information of possible illicit activities, including suspected forged documents used to substantiate the source of funds in Singapore bank accounts.


On Tuesday, the police conducted a massive islandwide blitz, hitting several GCBs and high-end condos across Singapore simultaneously to nab several of the suspects.

The areas raided included Tanglin, Bukit Timah, Orchard Road, Sentosa and River Valley.

Ten people, including a woman, were arrested and charged on Wednesday night.

They are aged 31 to 44, and are suspected to be involved in offences of forgery, money laundering and resisting arrest.

Another 12 are assisting in investigations, while eight more people are currently on the run and have been placed on a wanted list.

In a release on Wednesday, the police said the blitz involved more than 400 officers, including those from the Criminal Investigation Department, Commercial Affairs Department (CAD), Special Operations Command or riot police, and Police Intelligence Department.

The group of foreign nationals are allegedly involved in laundering the proceeds of crime from their organised crime activities overseas, linked to scams and online gambling.


The police had identified them through extensive investigations, including the analysis of suspicious transaction reports (STRs) made by financial institutions about suspicious activity.

On Wednesday evening, the Monetary Authority of Singapore (MAS) said it has been collaborating closely with CAD to identify potentially tainted funds and assets in the financial system and prevent their dissipation.

It added that red-flag indicators such as suspicious fund flows, dubious documentation of source of wealth or funds, and inconsistencies or evasiveness in information provided had been picked up by the financial institutions that filed the STRs.

MAS said it has ongoing supervisory engagements with the financial institutions where the potentially tainted funds have been identified, and firm action will be taken if breaches are found.

The police said prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than $815 million, and multiple ornaments and bottles of liquor and wine.

The orders mean the suspects cannot sell these properties and vehicles.

https://www.straitstimes.com/singap...gners-probed-for-money-laundering-and-forgery

 

[Franjipani]

Singapore police arrest 3 Chinese nationals, 7 others with ‘Chinese passports’ in US$736 million money-laundering crackdown​

• All 10 of the individuals arrested were found in possession of foreign passports ‘believed to be issued’ by China
• Singapore police effectively seized assets including Good Class Bungalows, 250 luxury watches and bags, and 120 electronic devices such as computers and mobile phones

 

[eatshitndie]

You mean the scam victims can now step forward to file and claim their losses ? But not easy to identify which scams were involved for that money.

you forgot. sinkie unwritten policy is you die your biz. there’ll be near zero restitution to victims as proof of electronic trail is hard to connect from start to end.

 

[SinkieExile]

1 raid nia. This is tip of the iceberg. Got see how many still escaped overseas not caught yet?

More xiaxuay PAP actually, because SCMP reporting big big now that all 10 people arrested so far are holding PRC passports. PRC is one of the hardest countries in the world to get citizenship of, so this basically means 99% chance this whole shit is done by dirty corrupt PRC Cheenas washing their money through SG.

https://www.scmp.com/week-asia/peop...hers-chinese-passports-major-money-laundering

 

[searcher1]

How can foreigners own GCB ? another loophole ?

 

[sbfuncle]

you forgot. sinkie unwritten policy is you die your biz. there’ll be near zero restitution to victims as proof of electronic trail is hard to connect from start to end.

Then pap should work harder on seizing more gcbs instead of always targeting at miserables sinkies. The potential amount yet to be discovered and seized can be astonishing .

 

[ChinaCommunistSG]

George Yeo is under tremendous pressure to explain this to his bosses in China

 

[ChinaCommunistSG]

早不捉, 玩不捉, 偏偏在选总统期间才去捉..... 屁A屁在释放什么信号啊？

给人民爽爽到裕廊

 

[eatshitndie]

George Yeo is under tremendous pressure to explain this to his bosses in China

but at spas he gets pleasure from atbs.

 

[ChinaCommunistSG]

They are good foreigners here to create good jobs for dumb and unemployable Sinkies. A stern warning will do.

Family office

 

[laksaboy]

How cute, a money laundering hub making a show of trying to clamp down on money laundering.

 

[eatshitndie]

Family office

69% are family (mafia) “orifices”.

 

[eatshitndie]

How cute, a money laundering hub making a show of trying to clamp down on money laundering.

if no tip off nor whistleblower help sinkie enforcement is ridiculously clueless.

 

[Pinkieslut]

Exactly the same case has been reported in Australia, with same type of operations, using laundered money to buy hard assets in real estate.

https://www.smh.com.au/national/nsw...ney-laundering-operation-20230201-p5ch7k.html

 

[ChinaCommunistSG]

Their ages, nationalities and charges:

• Su Haijin, a 40-year-old Cyprus national, arrested in a GCB along Ewart Park in the Holland area. Charged with one count of resisting lawful apprehension.
• Vang Shuiming, a 42-year-old Turkey national, arrested in a GCB along Bishopsgate in the Tanglin area. Charged with one count of using a forged document.
• Zhang Ruijin, a 44-year-old China national and Lin Baoying, a 43-year-old China national, arrested in a bungalow along Pearl Island at Sentosa Cove. Both charged with one count each of forgery for the purpose of cheating.
• Su Baolin, a 41-year-old Cambodia national, arrested in a GCB along Nassim Road. Charged with one count of using a forged document.
• Su Jianfeng, a 35-year-old Ni-Vanuatu national, arrested in a GCB along Third Avenue near Bukit Timah. Charged with one count of money laundering.
• Chen Qingyuan, a 33-year-old Cambodia national, arrested in a condominium along Leonie Hill Road in the River Valley area. Charged with one count of money laundering.
• Wang Dehai, a 34-year-old Cyprus national, arrested in a condominium along Paterson Hill in the Orchard area. Charged with one count of money laundering.
• Wang Baosen, a 31-year-old China national, arrested in a condominium along Tomlinson Road in the Tanglin area. Charged with one count of money laundering.
• Su Wenqiang, a 31-year-old Cambodia national, arrested in a GCB along Lewis Road in the Bukit Timah area. Charged with one count of money laundering.