Cash, Cars And Homes Seized in $735M Singapore Raids

Singapore authorities have seized $735 worth of cars, homes and watches amid crackdown on money-laundering elements. The police also seized gold bars, wines and designer handbags worth $23 million from criminals holding multiple foreign passports. 

Police Arrested 10 People

Singapore arrested 10 people from across the country in a massive crackdown. Around 94 homes were raided for alleged money laundering and forgery offenses. The criminal organization was involved with their foreign counterparts for their international links that spanned over several countries.

The Organizational Was International

The Singapore authorities said they have a zero tolerance policy against such criminal activities. The authorities said the criminals had passports from China, Cambodia, Turkey and Vanuatu which means they were in contact with their international peers to expand their criminal activities.

Give us 1 week in your inbox & we will make you smarter.

Only "News" Email That You Need To Subscribe To