2023-08-17 15:55:00
Singapore: Assets worth lakhs of rupees were seized in a raid in Singapore in connection with money laundering. The Singapore police confiscated nearly one billion (734.32 million) dollars worth of property, including bungalows, cash, luxury cars, jewellery, handbags and gold bars.
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So many assets have been seized from a group of foreigners who laundered money from organized crime. It is said to be one of the biggest money laundering cases ever reported. On Tuesday, 400 officers participated in the inspection across Singapore. The raid was conducted simultaneously in different areas.
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There were raids in regarding nine places in different parts of the country. The raids included 94 buildings, bank accounts worth S$110 million, 50 vehicles, more than S$23 million in cash, hundreds of luxury handbags and watches, jewelry and two gold bars.
Ten foreigners, including a woman, have been arrested. People from countries like China, Cambodia and Cyprus have been arrested. The arrested persons are aged between 31 and 44. All of them are related to each other and international media reports quoting the police.
A man jumped from the third floor of the building to escape from the police. Later, he was found from a nearby stream.
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A 40-year-old Cypriot man was seriously injured in the fall. He has been admitted to the hospital. Police seized more than $2.1 million in cash from his home, four bank accounts worth more than $6.7 million, and title deeds to 13 properties and five vehicles worth more than $118 million.
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