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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.
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…
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...
Market observers estimate the properties to be valued at over $100 million. Read more at straitstimes.com.
An ongoing investigation into an alleged US$2-billion money laundering ring has stirred turmoil in Singapore, with the disappearance of Su Binghai, the