From the Organized Crime and Corruption Reporting Project, November 21:
Assets worth nearly $2.03 billion have been surrendered in Singapore’s largest money laundering case, as 17 suspects remain out of reach of authorities.
Singapore’s police said 15 foreign nationals have surrendered assets worth about S$1.85 billion (US$1.37 billion) in the city-state’s largest money laundering case. Despite surrendering the assets, the suspects remain at large, outside the city.
The 15 fugitives, part of a group of 17 suspects, have agreed to surrender their assets and have been barred from returning to Singapore, according to police.
OCCRP has previously reported some of these fugitives, including Su Binghai and Su Fuxiang, businessmen who evaded police capture in Singapore, along with Su Shuiming, Su Shuijun, and Chen Mulin, who bought out entire floors of the same luxury skyscraper in Dubai overlooking the iconic Burj Khalifa, cumulatively worth tens of millions of dollars.
The money laundering case, involving more than S$3 billion (US$2.23 billion), surfaced in August 2023 when 10 foreign nationals were arrested in multiple raids. More than 400 police officers carried out islandwide operations, arresting nine men and one woman linked to organized crime, including scams and online gambling....
....MUCH MORE
