The Business Times
business-time-50

Construction at Su Baolin’s Sentosa Cove villa stalled as money-laundering probe continues

google-preferred-sourceAdd BT as a preferred source
Jessie Lim

Jessie Lim

Published Tue, Nov 7, 2023 · 02:17 PM
    • Prohibition of disposal orders were issued on 152 properties as part of the S$2.8 billion money-laundering case, with eight of them being Sentosa Cove landed homes.
    • Prohibition of disposal orders were issued on 152 properties as part of the S$2.8 billion money-laundering case, with eight of them being Sentosa Cove landed homes. PHOTO: JESSIE LIM, BT

    WORK on a sea-facing Sentosa Cove bungalow owned by Su Baolin is in limbo, in light of the prohibition-of-disposal order on the property.

    Su, 41, is one of 10 individuals arrested in Singapore’s largest anti-money-laundering case.

    He had submitted plans to build a two-storey detached house with a swimming pool, before his arrest in August.

    Money launderingSentosa CoveSentosa

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More