Assets worth about $1.85 billion have been surrendered to the state by 15 foreigners who are on the run from the police in Singapore’s largest money laundering case. This brings the total amount of assets surrendered in the case to almost $2.
8 billion so far, with $944 million in assets previously surrendered by 10 money launderers who were jailed and deported. On Nov 18, the police said 15 of the 17 suspects who are on the run have been “dealt with”, and have agreed to surrender their assets. They have also been barred from returning to Singapore.
The police release did not elaborate on how the 15 were “dealt with”. But it said investigations into the other two people on the run are ongoing, and their assets worth about $144.9 million remain seized or the subject of prohibition of disposal orders.
The $3 billion money laundering case saw an initial 10 foreign nationals being jailed in 2024 after they were arrested in multiple raids on Aug 15, 2023. Ex-cop jailed for helping global scam syndicate launder $10.3m In June 2024, the police said besides the 10 who were caught, another 17 people are under investigation in relation to the case.
None of the 17, who had left Singapore, have returned since the start of the probe. In the early hours of Aug 15, 2023, more than 400 police officers conducted simultaneous islandwide raids, nabbing nine men and one woman who were linked to organised crime including scams and online gambling. The locations included a Sentosa Cove bu.