Singapore seizes $1.75-B assets from money laundering scheme

By Associated Press

Sep 22, 2023 12:17 am

KUALA LUMPUR: Police in Singapore uncovered more luxury watches, gold bars and other valuables from a massive money laundering scheme that was busted last month, they said, bringing the total amount of assets seized or frozen to SG$2.4 billion ($1.75 billion).

The police had launched more operations related to a group of foreigners suspected to be involved in laundering the proceeds of their organized criminal activities, including scams and online gambling, police said in a statement on Wednesday.

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