OCBC moves to recover over S$6 million owed on mortgages for assets linked to money laundering case
The bank is among several others that have been in the process of recovering funds
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OCBC has filed several claims in the High Court seeking over S$6 million from three foreign nationals who are possibly linked to the S$3 billion money laundering case.
In court documents seen by The Business Times, claims were initiated against Xu Haika and Wu Yamei, who had purchased two three-bedroom units on the 43rd floor of South Beach Residences.
Lin Baoying, one of the 10 convicted in the case, as well as Su Yongcan, who is a person of interest to the police, had bought a unit in the same development.
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