19 Canninghill Piers units, S$26 million South Beach penthouse linked to associates of money-laundering suspects

ASSOCIATES of the 10 foreigners arrested so far in the multi-billion-dollar money-laundering case bought several units on the same floor or stack at various luxury condominiums in Singapore.

The Business Times (BT) discovered 19 units at Canninghill Piers purchased by two foreign nationals whose names match those found in a list of 34 individuals. The list was sent by the Ministry of Law to members of the Gem Traders Association of Singapore.

Ten of the individuals have been arrested for their suspected involvement in money laundering and forgery, including Vang Shuiming, 42, who is said to have financed the purchase of 10 units at Canninghill Piers.