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

[A Singaporean]

Did they get their PR under family office scheme ?

Of course.

 

[jurongkechil]

What.the one staying at 3rd avenue one. My friend ex boss. He personal driver to him...

 

[jurongkechil]

if unknowingly have to return all money probably. maybe got some wrist slap fine to show teeth. If knowing but didn't affect much outcome then same thing. If plan and arrange the whole ting for them then hong kan liao.

Will me friend be call to cantonment for interview?

 

[laksaboy]

Did they get their PR under family office scheme ?

I get a feeling the PAP regime is clamping down on these Tiongs now, because there's a chance Sinkieland might get sanctioned by the USA.

Maybe the sanctions will come anyway. This doesn't change anything.

As I've said many times, never underestimate the PAP regime's habit of betting on the wrong horse. This time, it's a massive gamble gone wrong.

 

[Boliao]

I get a feeling the PAP regime is clamping down on these Tiongs now, because there's a chance Sinkieland might get sanctioned by the USA.

Maybe the sanctions will come anyway. This doesn't change anything.

As I've said many times, never underestimate the PAP regime's habit of betting on the wrong horse. This time, it's a massive gamble gone wrong.

USA is just as corrupted. Singapore will not act on this group unless they are being told do so by CCCP.

 

[k1976]

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

Machiam like korran drama De woh

 

[k1976]

I get a feeling the PAP regime is clamping down on these Tiongs now, because there's a chance Sinkieland might get sanctioned by the USA.

Maybe the sanctions will come anyway. This doesn't change anything.

As I've said many times, never underestimate the PAP regime's habit of betting on the wrong horse. This time, it's a massive gamble gone wrong.

But many many many believe we are in Good Handsbde woh

 

[sbfuncle]

Will they announce the date for those watches and car auctions?

 

[k1976]

Will they announce the date for those watches and car auctions?

Got bad krama attachment?

 

[sbfuncle]

Got bad krama attachment?

I even suspect spf purposely wait for longer period for the tiongs to scam more money 1st . Use other people's hand to get more money then confiscate from them

 

[CoffeeAhSoh]

something is rotten in the stage of denmark...

numbar 1 top balls carrier gupta talking about reserves
numbar 1 top modelling catwalk specialist cheebye loong talking about reserves
$1 billion worth dirty money confiscated
on going nonsense of a 'president' erection....

coincidence? or reserves gone? or move cpf goalposts again?

Tiagong , this Sun NDR 23 , Cpf goal post for those above 60 will widen.

Huat liao ahh...

 

[bobby]

Makes you wonder how these entered into our borders and got transacted in the first place.

Which ministry should be held responsible?

 

[k1976]

Tiagong , this Sun NDR 23 , Cpf goal post for those above 60 will widen.

Huat liao ahh...

Huat big big liao

 

[sbfuncle]

Tiagong , this Sun NDR 23 , Cpf goal post for those above 60 will widen.

Huat liao ahh...

Means 65 yo still cannot draw ?

 

[ChinaCommunistSG]

Tiagong , this Sun NDR 23 , Cpf goal post for those above 60 will widen.

Huat liao ahh...

Withdraw only after certified dementia ? Or must have certificate to withdraw ?

 

[cocobobo]

the rich indons have been doing this for ages
no arrests?

No indons or Myanmar generals relations arrested....

see these amateurs mistakes?

 

[cocobobo]

My yank kakis told me many of them move out of woodlands terrace houses close to American school as the rich chinks were flooding in and snapping up the houses. These chinks also send their kids to SAS.

The woodlands shops catering to Americans have closed down.

 

[jurongkechil]

They bring jobs to sinkie leh...

 

[k1976]

My yank kakis told me many of them move out of woodlands terrace houses close to American school as the rich chinks were flooding in and snapping up the houses. These chinks also send their kids to SAS.

The woodlands shops catering to Americans have closed down.

Legendary Guru Jim Roger stay around that area

 

[k1976]

They bring jobs to sinkie leh...

Driver, grab food.. All are good jobs