TechFlow reports, according to Lianhe Zaobao, that Singapore police have seized assets worth over 2.4 billion Singapore dollars (approximately 12.72 billion yuan) in the country's largest money laundering case revealed this August, and have issued prohibition orders against disposal of these assets.
In addition, authorities have frozen more than 11.27 billion yuan in bank deposits, confiscated 76 million Singapore dollars in cash (including foreign currencies), 68 gold bars, 294 luxury handbags, 164 luxury watches, 546 pieces of jewelry, over 38 million Singapore dollars (approximately 200 million yuan) worth of cryptocurrency, and 204 electronic devices.
According to previous reports, ten foreign suspects are involved in this case, accused of document forgery and money laundering. The total value of assets involved is estimated at around 1 billion Singapore dollars, with preliminary investigations indicating all ten individuals originate from Fujian Province, China.
