$1b in cash and assets seized and frozen; 30 foreigners probed for money laundering and forgery

[Atonchia]

On 8/16/2023 at 10:34 PM, Voodooman said:

Those Cambodians with PRC passports are probably scam rings owners? Please give them 50 rotans each. Knn...

Organ harvesters? 

[Throttle2]

On 8/16/2023 at 11:43 PM, Voodooman said:

Where to buy the confiscated Rolex? 😂

Oh, there are auctions you can attend, conducted by the authorities, on confiscated items of luxury.  Rolexes are common, diamonds, gold, etc .

not kidding.

[Beanoyip]

Envy these ppl got chance to stay in GCB.. now probably going into 2x2 cell..

[Thaiyotakamli]

On 8/17/2023 at 5:41 AM, Beanoyip said:

Envy these ppl got chance to stay in GCB.. now probably going into 2x2 cell..

Rent one i believe

[Volvobrick]

On 8/17/2023 at 5:41 AM, Beanoyip said:

Envy these ppl got chance to stay in GCB.. now probably going into 2x2 cell..

Full board and lodging. No need to pay for 24 hr security now. Shiok! 

[Mockngbrd]

On 8/17/2023 at 5:41 AM, Beanoyip said:

Envy these ppl got chance to stay in GCB.. now probably going into 2x2 cell..

Better than export to prc 

[RadX]

On 8/16/2023 at 9:45 PM, Theoldjaffa said:

The amount of cash and assets seized is mind boggling.

Crazy Rich Criminals.

Well dun go so far

 

here in mcf we have a crazy rich CB… 😂😂

[Playtime]

On 8/16/2023 at 10:21 PM, Volvobrick said:

Finder's keeper! We need it so GST won't be 11%!

Top up cpf please

[Fcw75]

COE will drop now?

[Playtime]

On 8/16/2023 at 11:43 PM, Voodooman said:

Where to buy the confiscated Rolex? 😂

This year police , cpib, immigration etc... their D&D lucky draw prizes all upgraded 🤣

[Wt_know]

beh song liao …  

 

[Playtime]

On 8/16/2023 at 11:06 PM, Benarsenal said:

I suspect not so simple. I think this is a sign of XJP seriously cracking down on capital outflow from China post-Covid.

Could be related to this: https://www.rfa.org/english/news/china/immigration-arrest-08112023103845.html

Maybe that's why he send WY here. To tell us to drag all these people back.

Yup... first thing that came to my mind.

She was arrested for financial... not immigration...  charges after all.

But something doesn't seem right... it's all too open, how can an organisation smart enough to delta so much have it all so easily seized???🤯 it's like a badly written tcs script 🤔

 

[SGMCF328]

I think the top 3 questions in MCF member's mind are:

1. Will price of COE drop?
2. Will price of property drop?
3. Will price of Rolex and other luxury items drop?

But for me peasant, my top 3 questions are:

1. Will the price of my cai png, chicken rice, mee siam drop?
2. Will MRT / bus / taxi / grab fare drops?
3. Will this stop further GST hike?

I cannot share too much but money laundering is much easier and common then one would thought. Properties, luxury items, art pieces, bit coins and even casino are avenue to wash the dirty money. Wash as in laundering, not with detergent hor. Hahahaha

[Inlinefour]

On 8/17/2023 at 7:59 AM, Fcw75 said:

COE will drop now?

tan kuku...pinky and team need pay raise...all underpaid 🙊🙉🙈

[Fcw75]

All tiongs…why am I not surprised?

Scums.

Should have caning too.

[Playtime]

On 8/16/2023 at 8:56 PM, Mockngbrd said:

Also seized was more than $23 million in cash, more than 250 luxury bags and watches, more than 120 electronic devices such as computers and mobile phones, more than 270 pieces of jewellery, two gold bars, and 11 documents with information on virtual assets.

 

If 1b seized.. id expect another good substantial amount in those since it's to keep things off radar. 

But chances are,  seed phrases probably already activated and cleared out.... if they have their operations properly planned. 

 

[Fcw75]

More info.

https://mothership.sg/2023/08/police-1billion-money-laundering-raid-details/?fbclid=IwAR2Oke7ZrkS0GdHcHgbm3QekqQxJbsxamMlj08IKPGEbAlPbdHt-FfYLfEo_aem_AQF2XpKZP8KT-jK0kZFGMmEYNzhx3ZdDnGH_34BzBFPo6uHMKrkAvAFtkealvG_PZSE&mibextid=Zxz2cZ
 

Mind boggling.

Edited August 17, 2023 by Fcw75

[Victor68]

On 8/16/2023 at 8:56 PM, Mockngbrd said:

SINGAPORE - In one of the biggest anti-money laundering operations here, the Singapore Police Force (SPF) have rounded up a group of foreigners for allegedly engaging in money laundering activities.

 

The group lived in good class bungalows (GCBs) and high-end condominiums, and owned luxury cars, amassing about $1 billion worth of assets in Singapore.

 

The police said it received information of possible illicit activities, including the use of suspected forged documents that were used to substantiate the source of funds in Singapore bank accounts.

 

On Tuesday, the police conducted a massive islandwide blitz, hitting several GCBs and high-end condos across Singapore simultaneously to nab several of the suspects.

 

Ten people, including a woman, have been arrested and are expected to be charged on Wednesday night.

 

They are aged 31 to 44, and are suspected to be involved in offences of forgery, money laundering, and resisting arrest.

 

Another 12 are assisting in investigations, while eight more people are currently on the run and have been placed on a wanted list.

 

In a release on Wednesday, the police said the blitz involved more than 400 officers including those from the Criminal Investigation Department, Commercial Affairs Department, Special Operations Command or riot police, and Police Intelligence Department.

 

 

More than 250 luxury bags and watches were seized by the police during the operation.  the group of foreign nationals allegedly involved in laundering the proceeds of crime from their overseas organised crime activities, including scams and online gambling.

 

Prohibition of disposal orders were issued against 94 properties and 50 vehicles, with a total estimated value of more than $815 million, and multiple ornaments and bottles of liquor and wine.

 

The orders mean the suspects are not allowed to sell these properties and vehicles.

 

 

Prohibition of disposal orders were issued against 50 vehicles, as well as 94 properties. 

The police also seized more than 35 related bank accounts with a total estimated balance of more than $110 million for investigations and to prevent transfers of the suspected criminal proceeds.

 

 

Multiple bottles of liquor and wine were also placed under prohibition of disposal orders.

 

Also seized was more than $23 million in cash, more than 250 luxury bags and watches, more than 120 electronic devices such as computers and mobile phones, more than 270 pieces of jewellery, two gold bars, and 11 documents with information on virtual assets.

 

 

 

 

 

Crime pays! (until it doesn't) 

Ccp tentacle very long. Cannot zao. 

 

 

It took them so long (years) to find out something ordinary people on the street knew? 🤣