SINGAPORE A number of Singaporeans who helped set up firms for individuals linked to the $2.8 billion money laundering case have started removing their names from the companies, amid an investigation by the Accounting and Corporate Regulatory Authority (Acra). They were previously listed as directors, secretaries or shareholders of companies set up by several of the foreigners nabbed in.
A number of Singaporeans who helped set up firms for individuals linked to the S$2.8 billion (RM9.72 billion) money laundering case have started removing their names from the companies, amid an investigation by the Accounting and Corporate Regulatory Authority (Acra).
$2.8 billion laundering case: Accused is IT company CEO but does not know where office is Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
SINGAPORE (The Straits Times/Asia News Network): A man arrested in the S$2.8 billion money laundering case claims to be the chief executive of a computer support firm, but does not even know where his office is.
The arrest of 10 foreigners in Singapore in a billion-dollar money laundering blitz has thrown the spotlight on their alleged links to business interests in Singapore and overseas, and the number of jurisdictions where some of them hold citizenship.