The Business Times
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Police seek documents from at least 10 financial institutions over billion-dollar money-laundering case

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Megan Cheah

Megan Cheah

Published Wed, Aug 23, 2023 · 02:18 PM
    • The police are “working around the clock” as part of intensive investigations, which are still at a preliminary stage, say public prosecutors.
    • The police are “working around the clock” as part of intensive investigations, which are still at a preliminary stage, say public prosecutors. PHOTO: SINGAPORE POLICE FORCE

    SINGAPORE authorities are awaiting documents from at least 10 financial institutions (FIs), which are believed to be linked to 10 foreign nationals accused of being involved in a billion-dollar money-laundering scandal.

    Public prosecutors on Wednesday (Aug 23) said in court that the police are “working around the clock” as part of intensive investigations, which are still at a preliminary stage.

    Documents are pending from a varying number of FIs for each of the accused.

    Money launderingFinancial institutionsBanksCrime

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