The titleholder's winning answer focused on using each individual's strengths
world3 days ago
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday.
The assets now include cash amounting to more than S$76 million, 68 gold bars, cryptocurrencies of more than S$38 million, more than 110 properties and 62 vehicles worth more than S$1.2 million.
Police did not give details of the fresh seizures and how they were found.
Last month, 400 police officers ran simultaneous raids across Singapore and arrested 10 foreigners in an anti-money laundering swoop.
Police have said the 10 suspects were allegedly "laundering the proceeds of their overseas organised crime activities, including scams and online gambling".
During the raids, police seized S$1 billion worth of assets including bank accounts, S$23 million in cash, luxury homes, cars, bags, watches and two gold bars. The 10 also had various passports from Cyprus, Cambodia, Dominica, China, Turkey and Vanuatu.
The amount was updated to S$1.8 billion in early September as investigations led authorities to assets in Swiss banks.
The large amounts seized in the case has been the talk of the town in Singapore, which has attracted vast investments and private wealth since the pandemic but is generally know for having low crime rates.
Latest figures from the central bank show that total assets under management in Singapore rose 16% in 2021 to S$5.4 trillion, compared with a global increase of 12% to $112 trillion the same year.
The titleholder's winning answer focused on using each individual's strengths
world3 days ago
The suspects would be interrogated jointly with the Shin Bet internal security agency, police said
world3 days ago
The attack took place at the Wuxi Vocational Institute of Arts and Technology in Jiangsu province
world3 days ago
More than 650,000 people have fled their homes ahead of the super typhoon, which is expected to make landfall late Saturday or early Sunday
world3 days ago
The New York Times reported on Friday that Musk, who is a close ally of President-elect Donald Trump, met earlier this week with Iran's ambassador to the UN
world3 days ago
The tremor occurred at 9.28am UAE time, according to the National Seismic Network
world5 days ago
Ceremonial gunfire rang out across the British capital to mark the occasion
world5 days ago
The pair became embroiled in an extraordinary war of words during Trump's first presidency
world5 days ago