Singapore ends pursuit of 15 money launderers who surrendered S$1.85 billion of assets to authorities
Singapore police have ended their pursuit of 15 people involved in the city-state’s largest-ever money laundering scandal. This is after the suspects agreed to surrender a total of S$1.85 billion worth of assets (98.6 per cent of the seized and prohibited assets) to authorities.
A total of 17 individuals, who are all foreign nationals, have been at large since local police made a series of high-profile arrests of 10 other money launderers in August 2023. Investigations into the two remaining foreign nationals are ongoing. Assets amounting to S$144.9 million linked to them remain seized or the subject of prohibition of disposal orders, police said in a statement.
For more details of the money-laundering case and what else the police are doing, read here.