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).
SINGAPORE - Documents filed in the State Courts showed a wider network of suspects may be linked to the 10 arrested in Singapore in a money laundering case that now involves assets worth more than $1.8 billion. Some of these suspects are connected to organised crime syndicates operating overseas involved in online gambling, scam centres and illegal moneylending. In applying.