US EditionMinister K Shanmugam transfers Astrid Hill GCB to UBS Trustees for S$88 Million following Ridout Road controversy
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Minister K Shanmugam transfers Astrid Hill GCB to UBS Trustees for S$88 Million following Ridout Road controversy
In August 2023, records from the Singapore Land Authority (SLA) revealed that Minister for Home Affairs and Law, K Shanmugam, transferred ownership of his Good Class Bungalow (GCB) at 6 Astrid Hill to UBS Trustees (Singapore) Ltd, for a staggering S$88,000,000. UBS Trustees, acting as a trustee for The Jasmine Villa Settlement, is a trust company licensed under the Trust Companies Act 2005. The transaction was facilitated by Ms Ho Sheau Farn on …
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