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

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 new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    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