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Criminal groups from China spreading out to South-east Asia, including S’pore: Experts 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.
Criminal syndicates from China have been spreading their tentacles across the Asia-Pacific region, setting up bases in countries like the Philippines, Australia and Singapore to launder their ill-gotten gains.
These criminal networks are believed to have billions in capital. Read more at straitstimes.com.
Nine people have been charged and $150 million worth of property and luxury goods have been seized after police say they uncovered an industrial-scale Asian crime ring operating globally out of Sydney.
Also arrested and charged in Sydney was Chen Zhang, a middle manager of the National Australia Bank. Other suspects include an accountant and a lawyer.