The Business Times
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Singapore’s biggest money laundering probe reveals web of corporate links, some more than 6 years old

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Claudia Chong
Ng Wei Kai

Claudia Chong &

Ng Wei Kai

Published Mon, Oct 30, 2023 · 05:00 AM
    • Suspects in the money laundering case have ties to dozens of companies, including two with a registered office address at Telok Ayer (above).
    • Suspects in the money laundering case have ties to dozens of companies, including two with a registered office address at Telok Ayer (above). PHOTO: CLAUDIA CHONG, BT

    SUSPECTS in Singapore’s S$2.8 billion money laundering case have been incorporating companies in the country since January 2017, an analysis of corporate filings by The Business Times (BT) found.

    The individuals have ties to at least 35 entities in Singapore and Cambodia through various shareholdings and directorships. Six of those entities have been struck off.

    Of the 35 companies linked to the 10 accused, six are connected to more than one suspect, highlighting the associations between these individuals through their corporate ties.

    Money launderingACRASpotlight

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