Billion-Dollar Money Laundering Case: Luxury Handbags and 58 Gold Bars Among Items Handed to Deloitte for Liquidation

Singapore to Sell Hermes Bags and Gold Bars Seized From Launderers

Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country’s biggest laundering case.

Billion-dollar money laundering case: Luxury handbags and 58 gold bars among items handed to Deloitte for liquidation

The non-cash assets seized during the high-profile case will be sold via various channels, including through auctions.

Luxury items seized in $3b money laundering case handed over to Deloitte for liquidation

This comes just shy of two years after the criminal network was busted on Aug 15, 2023. Read more at straitstimes.com.

Video: Seized luxury goods, gold bars from S$3b money laundering case handed over for liquidation

466 pieces of luxury goods and 58 pieces of gold bars that were seized during the $3 billion (US$2.33 billion) money laundering case were handed over by the Singapore Police for liquidation on Tuesday (Aug 12). Among the luxury goods were about 50 branded bags believed to be from Louis Vuitton, Hermès, Dior and Chanel. These included a Hermès Birkin 25 Togo bag with an estimated value of S$30,000, and a Hermès Kelly Alligator bag, which can cost…

Luxury items seized in S$3 billion money laundering case handed over to Deloitte for liquidation

A total of 466 luxury items and 58 pieces of gold bars from the S$3 billion money laundering case have been handed over by the police to professional services firm Deloitte to manage and liquidate.

NEWS: Singapore fines three law firms over $3B money laundering scandal - AML Intelligence

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