SINGAPORE: As investigations into the billion-dollar money-laundering probe continue, the value of the assets and cash involved continues to grow.
When police made public the case in mid-August, they estimated $1 billion to be involved.
Prohibition of disposal orders were then issued against 94 properties and 50 vehicles, while police also seized over S$110 million from more than 35 bank accounts, cash of more than S$23 million, over 270 pieces of jewellery, as well as 250 luxury bags and watches.
But in an update by Second Minister for Home Affairs Josephine Teo in parliament on Tuesday (Oct 3), she revealed that over S$2.8 billion worth of assets - nearly triple the original amount - are now linked to the case.
Here's the latest breakdown:
A total of 152 properties have been issued with prohibition of disposal orders.
Of these, 94 are residential properties, comprising 60 completed resale units and 34 uncompleted units sold directly by developers.
Eight properties are landed homes at Sentosa Cove where there are no restrictions on foreign ownership.
A photo showing an aerial view of Sentosa Cove. (Photo: iStock)
Twelve more vehicles have been seized since the probe was announced, making it 62 so far.
Among them are luxury car brands like Bentley and Rolls-Royce.
The total value of the properties and vehicles is estimated at more than S$1.24 billion.
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
More than S$1.45 billion in money has been seized from bank accounts, according the latest update in parliament on Tuesday.
Also confiscated were cash, including foreign currencies amounting to more than S$76 million, and cryptocurrencies worth more than S$38 million.
Cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Cash seized by the police on Aug 15, 2023 as part of a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
A total of 68 gold bars have been seized, a huge jump from just two at the start.
The quantity of luxury goods seized has almost doubled to 1,004.
They comprise 294 branded bags such as Hermes, Dior, Chanel and Louis Vuitton, 164 watches including Rolex and Patek Philippe, and 546 pieces of jewellery.
Handbags seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Handbags seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Jewellery and cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Collectibles seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
No exact quantity was given, but it was revealed in parliament that "thousands of bottles of liquor and wine" have been taken.
Bottles of liquor seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Bottles of whiskey seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
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When police made public the case in mid-August, they estimated $1 billion to be involved.
Prohibition of disposal orders were then issued against 94 properties and 50 vehicles, while police also seized over S$110 million from more than 35 bank accounts, cash of more than S$23 million, over 270 pieces of jewellery, as well as 250 luxury bags and watches.
But in an update by Second Minister for Home Affairs Josephine Teo in parliament on Tuesday (Oct 3), she revealed that over S$2.8 billion worth of assets - nearly triple the original amount - are now linked to the case.
Here's the latest breakdown:
Properties
A total of 152 properties have been issued with prohibition of disposal orders.
Of these, 94 are residential properties, comprising 60 completed resale units and 34 uncompleted units sold directly by developers.
Eight properties are landed homes at Sentosa Cove where there are no restrictions on foreign ownership.
A photo showing an aerial view of Sentosa Cove. (Photo: iStock)
Vehicles
Twelve more vehicles have been seized since the probe was announced, making it 62 so far.
Among them are luxury car brands like Bentley and Rolls-Royce.
The total value of the properties and vehicles is estimated at more than S$1.24 billion.
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Prohibition of disposal orders were issued for vehicles by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Money, crypto
More than S$1.45 billion in money has been seized from bank accounts, according the latest update in parliament on Tuesday.
Also confiscated were cash, including foreign currencies amounting to more than S$76 million, and cryptocurrencies worth more than S$38 million.
Cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Cash seized by the police on Aug 15, 2023 as part of a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Gold bars
A total of 68 gold bars have been seized, a huge jump from just two at the start.
Luxury goods
The quantity of luxury goods seized has almost doubled to 1,004.
They comprise 294 branded bags such as Hermes, Dior, Chanel and Louis Vuitton, 164 watches including Rolex and Patek Philippe, and 546 pieces of jewellery.
Handbags seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Handbags seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Watches seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Jewellery and cash seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Collectibles seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Liquor and wine
No exact quantity was given, but it was revealed in parliament that "thousands of bottles of liquor and wine" have been taken.
Bottles of liquor seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
Bottles of whiskey seized by the police during a series of arrests for forgery and money laundering. (Photo: Singapore Police Force)
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