Singapore Confiscates Money and Assets of IDR 11 T Result of Fraud and Online Gambling The Singapore Police seized assets, goods and money totaling US$736 million or around Rp11.31 trillion after uncovering cases of fraud and money laundering.
Previously, more than 400 joint officers carried out simultaneous raids at various locations in Singapore on Tuesday (15/8).
These defendants have different nationalities ranging from Cyprus, Turkey, China, to Cambodia. The police believe that the defendants are related to each other. Even though they were arrested in different places.
These people are believed to have connection among themselves. All of the people involved are not Singaporean citizens or permanent residents,” the Singapore Police said, quoted by Channel News Asia.
According to the police, several suspects lived at the GCB in the Holland and Nassim Road areas.
Police said they were following up on information about possible illicit activity. One of which was the use of fake documents to prove the source of funds in Singapore bank accounts. These activities include fraud and online gambling.
More than 400 officers from the Commercial Affairs Department. Criminal Investigation Department, Special Operations Command and Police Intelligence Department conducted simultaneous raids at various locations in Singapore on Tuesday.
Following the raids. Singapore issued a ban on disposal orders against 94 properties and 50 vehicles with an estimated total value of more than S$815 million. As well as some ornaments and bottles of liquor and wine.
The authorities also seized more than 35 linked bank accounts with an estimated total balance of more than S$110 million or Rp124 trillion for investigations To prevent the loss of proceeds from crimes.
They also seized more than S$23 million in cash, more than 250 luxury bags and watches, more than 120 electronic devices such as computers and mobile phones, more than 270 pieces of jewelry, two gold bars and 11 documents containing information about digital assets.