Singapore Auctions Assets Seized in $2.37B Money Laundering Case

Singapore auctions assets seized in $2.37B money laundering case

Singapore has opened online bidding for the first 624 luxury items forfeited in its S$3 billion, or roughly $2.37 billion, money laundering case. Hotlotz said in its auction announcement that bidding for both sales began on Sep. 7. The Singapore…

Singapore Auctions Assets in S$3 Billion Laundering Case

Singapore has auctioned the first two batches of confiscated assets tied to its S$3 billion money laundering case, marking the initial disposal of property seized in one of the country's largest financial crime investigations, though the specific asset inventory, sale results and proceeds remain unconfirmed.Read more...