2023-08-17 11:41:22
17 August 2023, 05:11 PM IST Photo: Facebook.com/facebook.com/singaporepoliceforce
Singapore: Property worth crores of rupees has been confiscated from many foreigners in Singapore in connection with the money laundering case. The assets were seized from people suspected of making money through organized crime, including online gambling and fraud.
Property worth regarding 100 million Singapore dollars was confiscated in a widespread raid conducted by the Singapore police. These include currency notes, luxury cars, luxury bungalows, jewellery, gold bars etc.
On Tuesday, 400 police officers raided various places in Singapore simultaneously. It is reported that many foreign nationals’ residences were searched in nine centers. It is reported that 23 million Singapore dollars in cash alone were seized during this inspection. In addition, 110 million Singapore dollars in bank deposits, 50 luxury vehicles and hundreds of luxury bags, watches and jewelery were confiscated.
The Singapore police have arrested ten foreigners, including a woman, in connection with the incident. Those arrested are from China, Cambodia, Cyprus and other countries. According to the police, all those involved in the case are related to each other.
Meanwhile, when the police raided, the man who jumped from the bungalow and escaped was taken into custody from a sewer. A 40-year-old native of Cyprus jumped from the second floor balcony of the bungalow. Then he was hiding in the nearby sewer. He was later admitted to the hospital. According to the police, more than 2.1 million Singapore dollars in cash were seized from his house alone. Bank deposits worth S$6.7 million, documents related to 13 properties and five vehicles were recovered from here, police said.
The police suspect that this group has acquired illegal assets through organized crime, including online gambling, on a global scale. The response of the authorities was that such cases are being looked at very seriously. Director of Commercial Affairs David Chew also stated that criminals and their families will not tolerate Singapore as a safe haven and misuse of banking services.
1692275557
#Cars #bungalows #Raid #Singapore #seized #assets #worth #billion #foreigners
