SINGAPORE: On Friday (18 Aug), the Singapore Police Force (SPF) revealed that an additional eleven properties have been subjected to prohibition of disposal orders in the S$1 billion anti-money laundering case involving individuals from Fujian who are not residents.
This brings the total count of properties under such orders in this case to 105, following the previous issuance of orders for 94 properties.
These orders effectively restrict the sale of these properties by the suspected individuals.
The collection of 105 properties, estimated to hold a combined value of S$831 million, encompasses various assets, including seven detached bungalows situated at Sentosa Cove, as well as 79 condominium units, with 19 of them still in the construction phase.
Additionally, 19 commercial and industrial spaces have been added to the list of properties with the prohibition of disposal orders.
The police clarified that these properties are under the ownership of individuals who are currently under investigation.
This includes individuals who have been apprehended, those who are sought after by law enforcement, their marital partners, or businesses associated with these individuals.
The police also emphasized that the luxurious good-class bungalows (GCBs) where the Fujian individuals were apprehended during the recent islandwide crackdown on money laundering are not registered under their ownership.
Importantly, these particular GCBs are not among the 105 properties subjected to prohibition of disposal orders.
“These GCBs are not part of the 105 properties issued with prohibition of disposal orders,” the police said.
“The Police have neither seized nor issued prohibition of disposal orders against any GCBs in relation to this case.”
The suspects lived in residences located in areas such Sentosa Cove, Tanglin, Orchard, Holland and River Valley.
MOM: all the arrested foreigners held Employment and Dependant Passes
In a separate statement on Friday, the Ministry of Manpower (MOM) disclosed that the 10 foreigners, consisting of nine men and one woman aged between 31 and 44, held Employment and Dependant Passes.
MOM said they will take the necessary action against them if serious offences are disclosed, in consultation with the Police and the Attorney-General’s Chambers.
“All employers and work pass applicants must declare that all the information contained in their work pass applications are true and correct”.
“This includes company details and applicants’ personal particulars, as well as work experience, salary and qualifications,” it added.
“MOM will assess all applications and look into any suspicious information.”
On Wednesday (16 Aug), the Singapore Police Force (SPF) announced a raid involving over 400 officers across the island in a crackdown on money laundering and forgery activities, resulting in the historic seizure of assets amounting to roughly S$1 billion (US$736 million), which shocked the entire Island.
Ten individuals, with diverse nationalities but a common Fujian heritage, were arrested on Tuesday and charged in court on Wednesday night with forgery, money laundering, and resisting arrest.
Among them, there is a wide range of nationalities represented, including Cypriot, Turkish, Chinese, Cambodian, and Ni-Vanuatu.
Additionally, twelve individuals are aiding with current investigations, and eight are on the police’s wanted list.
This high-profile money laundering case has sent shockwaves throughout the entire island, prompting questions about why some of the suspects have seemingly been residing in Singapore for extended periods, dating back as early as 2021.
Singapore Chinese media Lianhe Zaobao earlier reported that one of the arrested individuals, a Chinese national from Fujian, is alleged to have acquired 20 units at CanningHill Piers for an estimated S$85 million in June last year.
Notably, one of the suspects, Su Haijin, was reportedly a shareholder or director in multiple companies and had purportedly received S$36.37 million for a pair of adjacent bungalows in Sentosa Cove.