The_King Posted August 16, 2023 Share Posted August 16, 2023 SINGAPORE - In one of the biggest anti-money laundering operations here, the Singapore Police Force (SPF) have rounded up a group of foreigners for allegedly engaging in money laundering activities. The group lived in good class bungalows (GCBs) and high-end condominiums, and owned luxury cars, amassing about $1 billion worth of assets in Singapore. The police said it received information of possible illicit activities, including the use of suspected forged documents that were 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. Ten people, including a woman, have been arrested and are expected to be 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, Special Operations Command or riot police, and Police Intelligence Department. More than 250 luxury bags and watches were seized by the police during the operation. PHOTOS: SINGAPORE POLICE FORCE The police identified the group of foreign nationals allegedly involved in laundering the proceeds of crime from their overseas organised crime activities, including scams and online gambling. 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 are not allowed to sell these properties and vehicles. Prohibition of disposal orders were issued against 50 vehicles, as well as 94 properties. PHOTO: SINGAPORE POLICE FORCE The police also seized more than 35 related bank accounts with a total estimated balance of more than $110 million for investigations and to prevent transfers of the suspected criminal proceeds. Multiple bottles of liquor and wine were also placed under prohibition of disposal orders. PHOTO: SINGAPORE POLICE FORCE Also seized was more than $23 million in cash, more than 250 luxury bags and watches, more than 120 electronic devices such as computers and mobile phones, more than 270 pieces of jewellery, two gold bars, and 11 documents with information on virtual assets. 3 4 Link to comment Share on other sites More sharing options...
coffeenut Posted August 16, 2023 Share Posted August 16, 2023 3 Link to comment Share on other sites More sharing options...
aaur4man Posted August 16, 2023 Share Posted August 16, 2023 3 Link to comment Share on other sites More sharing options...
socrates469bc Posted August 16, 2023 Share Posted August 16, 2023 only kgks launder money via the banking system. wahahahahahahahahahhahahaha 3 Link to comment Share on other sites More sharing options...
Bigbird Posted August 16, 2023 Share Posted August 16, 2023 (edited) Quote The police said it received information of possible illicit activities, including the use of suspected forged documents that were used to substantiate the source of funds in Singapore bank accounts. These syndicates have been on for decades liao! You mean "received Info" for outside source?? SG mata "kuching" been sleeping for so long?? Mas selamat also other cuntry catch so quickly. Ours is like need to read manual SOP..... p.s wahhh... so many Macallen 31yo!! Edited August 16, 2023 by Bigbird 1 1 Link to comment Share on other sites More sharing options...
XianGe Posted August 16, 2023 Share Posted August 16, 2023 11 minutes ago, Bigbird said: These syndicates have been on for decades liao! You mean "received Info" for outside source?? SG mata "kuching" been sleeping for so long?? Mas selamat also other cuntry catch so quickly. Ours is like need to read manual SOP..... p.s wahhh... so many Macallen 31yo!! Question is who gifted them this big angpow or is it sg needed funding so time to harvest the mosquito .. 2 Link to comment Share on other sites More sharing options...
Bigbird Posted August 16, 2023 Share Posted August 16, 2023 Just look at F1 ex boss Ecclestone case!!! SG is famous for this washing.... Am sure magic Najib has a lot conversion done! Myanmar Generals has accounts too! 2 Link to comment Share on other sites More sharing options...
Homelander Posted August 17, 2023 Share Posted August 17, 2023 I see the amount of cash and watches so shiok hahaha Whoever in charge of this sting op can get ready for promotion liao 1 Link to comment Share on other sites More sharing options...
aaur4man Posted August 18, 2023 Share Posted August 18, 2023 i going around those areas checking if anyone dropped anything while running.... 3 Link to comment Share on other sites More sharing options...
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