More than S$530 million (RM1.8 billion) in cash and assets, including 28 properties, have been issued with prohibition of disposal orders or seized from two foreigners who have fled the country.
Singapore s Biggest Money Laundering Case Tests City s Weak Property Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
A mass sale of prized real estate seized in Singapore’s biggest money-laundering case is set to provide a key test of demand for a niche part of the financial hub’s property market. More than a dozen so-called shophouses, each worth millions of dollars, have been put on sale as the…
Police start process for DBS to sell shophouses linked to money laundering bust businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
SINGAPORE - Ten shophouses owned by two Chinese nationals who were reportedly linked to an accused person in the $3 billion money laundering case have been put on the market by DBS Bank as it seeks to recover repayments of its loans. The properties - estimated by observers to be valued at more than $100 million combined - were separately.