Fund Management Company Probed for Suspected Money Laundering; More than S$160m in Assets Seized

Singapore: 2 Directors Arrested as Authorities Probe Suspected Money Laundering at Capital Asia Investments

Under Singapore law, individuals convicted of money laundering offences may face up to 10 years in prison, a fine of up to S$500,000, or both.

Two directors of Capital Asia Investments arrested over suspected money laundering offences

The company, Capital Asia Investments, also had more than $160 million of assets seized. Read more at straitstimes.com.

Fund management company probed for suspected money laundering; more than S$160m in assets seized

Two directors of Capital Asia Investments were arrested.

$160m of assets seized, 2 directors nabbed amid money laundering probe into Capital Asia Investments

The police have arrested two directors of a fund management company and seized over $160 million of the company's assets over alleged money laundering. In a joint news release on Monday (March 9), the police and Monetary Authority of Singapore (MAS) said they jointly conducted enforcement operations against Capital Asia Investments Pte Ltd. The company and its directors are suspected...

Two directors of Capital Asia Investments arrested

MAS says Singapore fund manager is being investigated for suspected money laundering