Truly, you don't understand what is going on, u are another example of a sheltered spoilt sinkie. THESE AH TIONGS ARE LAUNDERING THEIR MONEY, GOT IT? 90% of these PRCs money is illegally obtained, i.e. they are stolen from state enterprises, banks (they take loan out, but don't pay back), investors money, corruption money, etc. Thousands of PRCs are running all over the world now buying properties. Its not only in S'pore, but also in Canada, US, Europe, etc. Bottom line is they need to get the money out of their country and get it out fast. I have met a few of them, and they are very reluctant to reveal their work in China. But I found out one was a provincial official. How can a provincial official earning less than $1000 USD a month have six figures to buy properties in a foreign country? Some of my rich PRC friends tell me that every rich bungalow in China has its own safe. That is where they like to keep their USD currency. They don't like to put money in their bank account, and have the govt. possibly track it. That is why they travel with suitcases full of cash.
Now, I tell you why this is wrong. Lets say that a high ranking govt. official takes money from Temasek, millions of dollars and runs off to Switzerland. He or she than proceeds to buy million dollar mansions, sports cars, etc. with this cash. Under your logic, nothing wrong, because Switzerland is a free and capitalist economy. But for the people of singapore plenty wrong because its their money that is being stolen and spend. U get it now?
Are there legitimate millionaires in China, yes there are. But most of them are investing in US, Canada, and Australia because they are rich enough to pay an immigration lawyer to get PR in these countries and than legally bring in their millions. For the illegally obtain wealth like those from middle to high ranking PRC govt. officials, they dare not or cannot apply for PRs to these countries and hence they have to hide it 3rd world banana republics like S'pore.
The gov'ts of Singapore, US, Canada, Europe, Australia, etc. have no legal jurisdiction to penalize, catch, prosecute, and execute these alleged corrupt provincial officials from PRC. Yes, corruption is wrong but it's up to the PRC commie gov't to penalize, catch, prosecute, and execute them if found guilty. Got It?
It is wrong for any gov't to penalize a foreigner for an alleged crime committed in another jurisdiction based on rumors and speculation. Refusing to sell them any properties, goods and services based on rumors and speculation that hasn't been officially charged in a court of law in PRC constitutes penalizing the innocent. Got It?
You can always say that the international community like the UN, EU, and G-20 have international guidelines/protocol to fight against alleged corruption and money laundering. But these are only guidelines and it is up to each individual sovereign country to choose to follow them or not because they aren't enforceable. Got It?
Most collectivist socialist and commie peasants in this forum are "Today's Slaves But Tomorrow's Tyrants" if they have a chance to rule SG in the future. They just can't comprehend the concept of "Presumption Of Innocence Until Proven Guilty Beyond A Reasonable Doubt" which is the foundation of individual rights, freedom and liberty. This only proves that these slaves unconsciously want even bigger gov't to impose more penalties and regulation on individuals.