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

Mockngbrd

By Mockngbrd,
in Lite & EZ

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Wt_know

Wt_know

Supersonic
(edited)
On 8/18/2023 at 2:42 PM, ER-3682 said:

Right Hand Drive,Maybe sell to Hong Kong,because China is Left Hand Drive.

whatever it is …

recycle 50 COE x $100K a pop

$5M sup sup water … 

Edited by Wt_know
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RadX

RadX

Moderator
On 8/17/2023 at 1:39 PM, Throttle2 said:

Dont be a f**king populist lah 😂😂😎

pls...no UNPARLIAMENTARY language here:grin:

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Wt_know

Wt_know

Supersonic
On 8/18/2023 at 5:07 PM, RadX said:

hmmmm Wang Yi's recent visit must have added some tipoffs

seems like giving green light ... "bro, it's time to pluck the lulian" ... [sly] 

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BanCoe

BanCoe

Hypersonic
On 8/17/2023 at 11:27 PM, Sosaria said:

The supermarket opening is probably to serve the needs of their community here that is growing and wanting to get the same brand of stuff from home. Just like korean or japanese supermarkets. I find it convenient too because can buy china snacks and try out all kind of things not sold at auntie lucy.

Those in the heartlands sell like "indegenous" chinese brands / stuff ..... the many others just operate like a typical "mama" shop with local stuff    

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Hubwee

Hubwee

Supercharged

Which agents will dare to ask their buyer who is buying 30-40 mio houses where their money came from .... 

The agents think about their own comm , already wet ... which agent dare to even ask ... 

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Volvobrick

Volvobrick

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On 8/18/2023 at 6:03 PM, Hubwee said:

Which agents will dare to ask their buyer who is buying 30-40 mio houses where their money came from .... 

The agents think about their own comm , already wet ... which agent dare to even ask ... 

I think they will ask. 

 

 

 

 

 

Whether the buyer wants to buy even more properties! Huat ah! 

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inlinesix

inlinesix

Hypersonic
On 8/18/2023 at 6:03 PM, Hubwee said:

Which agents will dare to ask their buyer who is buying 30-40 mio houses where their money came from .... 

The agents think about their own comm , already wet ... which agent dare to even ask ... 

On 8/18/2023 at 6:23 PM, Volvobrick said:

I think they will ask. 

 

 

 

 

 

Whether the buyer wants to buy even more properties! Huat ah! 

Ask and lose the biz.

Ppl in MCF don't mind losing this kind of income for peace of mind.

🤭

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inlinesix

inlinesix

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On 8/18/2023 at 6:36 PM, yishunite said:

Even they dare to ask how to actually investigate. They got CID agent in their firm ah

Useless law for wayang only main thing is minister need MORE HNWI TO COME COME CUM

It is not difficult to do background checks since all of the buyers own Companies in Singapore.

Why do Property agents need to take the trouble and lose biz?

How many Property agents got caught for not complying with KYC checks?
Just like why do we have countless Tg Pagar Incidents?

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Kopites

Kopites

Supersonic
(edited)
On 8/18/2023 at 6:36 PM, yishunite said:

Even they dare to ask how to actually investigate. They got CID agent in their firm ah

Useless law for wayang only main thing is minister need MORE HNWI TO COME COME CUM

The onus should lie with the financial institutions to detest the flow of incoming/out going fund and not those property agents. 

Unless those guys carry cold hard cash in stacks when making the payment like MCF. 😁

I suspect those property agents called up for investigation isn't so much on the settlement but more so on the ownership rules. For that aspect the property agent indeed is legally oblige to the seller. 

I doubt property agent has the relevant tools to detect such fraudulent activities.  Since this is over a span of periods the Iras, mas and financial institution should pick up such illicit activities.  

Quoted from the article 

"Notably, one of the suspects, Su Haijin, was reportedly a shareholder or director in multiple companies..."

 

Edited by Kopites
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inlinesix

inlinesix

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On 8/18/2023 at 7:11 PM, Kopites said:

The onus should lie with the financial institutions to detest the flow of incoming/out going fund and not those property agents. 

Unless those guys carry cold hard cash in stacks when making the payment like MCF. 😁

I suspect those property agents called up for investigation isn't so much on the settlement but more so on the ownership rules. For that aspect the property agent indeed is legally oblige to the seller. 

I doubt property agent has the relevant tools to detect such fraudulent activities.  Since this is over a span of periods the Iras, mas and financial institution should pick up such illicit activities.  

Quoted from the article 

"Notably, one of the suspects, Su Haijin, was reportedly a shareholder or director in multiple companies..."

Property agent has to do KYC just like Banks.

Property agent called up to check whether they have done the necessary KYC.

If no KYC, it is an offence.

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inlinesix

inlinesix

Hypersonic
On 8/18/2023 at 7:23 PM, yishunite said:

Of course u google can find out stuff but if illegal and ongoing sure will be hidden. What if they find out they got criminal record so what? Criminal record cannot buy property ah

You better google KYC.

🤭

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