The Business Times
business-time-50
BILLION-DOLLAR LAUNDERING CASE
·
SUBSCRIBERS

Suspects buying Singapore properties since 2017; 105 mainly residential units worth S$831 million

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

Jessie Lim

Published Fri, Aug 18, 2023 · 12:47 PM
    • Seven detached bungalows in Sentosa Cove are among the 105 properties issued prohibition-of-disposal orders.
    • Seven detached bungalows in Sentosa Cove are among the 105 properties issued prohibition-of-disposal orders. PHOTO: BT FILE

    THE group of foreigners linked to the billion-dollar money laundering case in Singapore has been picking up properties as far back as 2017, according to information obtained by The Business Times (BT) on deals linked to the 10 people arrested so far.

    Questions have also arisen on whether action will be taken against the real-estate agents who brokered those deals.

    In response to queries from BT, the Singapore Police Force confirmed the properties were transacted over the past few years.

    Money launderingSentosaPropertyCrime

    TRENDING NOW

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Set up by Nichol Ng and her brother, FoodXervices traces its roots to 1934 with the business their grandfather started.

    ‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

    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