CNA Explains: First properties seized in S$3b money laundering case go to auction this week. How will it work?

CNA Explains: First properties seized in S$3b money laundering case go to auction this week. How will it work?

The properties for auction include a Grade A office with a guide price of S$11.5 million and a four-bedroom penthouse listed at a guide price of S$25.3 million. 

Luxury Singapore properties linked to 2023 money laundering auction

Over 80 luxury Singapore properties linked to a $2.1 billion money laundering case are set for auction, offering prime district homes with guide prices up to $25.3 million. Read more at straitstimes.com.

So many luxury items from S$3billion money laundering case that Singapore will have 15 auctions to dispose of them

SINGAPORE: In 2023, one of the most important news items was the arrest of 10 Chinese men and women holding passports from around the globe in Singapore in a money-laundering case that turned out to be not only the biggest in the city-state’s history, but also one of the largest in the world.The arrests conducted by the Singapore Police Force involved seizing multiple cars, watches, Louis Vuitton bags, wine, other luxury items, as well as millio…