Singapore banned the disposal of 11 more properties as the police pushed forward with the investigation in one of the country’s biggest money laundering and forgery cases.
This brings the total number of real estate owned by the individuals under investigation and their spouses to 105, the police said in a statement Friday.
Authorities arrested and charged 10 foreigners Aug. 15 for their alleged involvement in a money laundering and forgery ring. Twelve others are assisting with the probe and another eight are wanted by the police. The portfolio of properties include 79 condominium units and 19 commercial or industrial spaces. A few of the suspects were arrested in the city-state’s most prestigious homes, known as good class bungalows.Authorities in Singapore arrested 10 foreigners for suspected offenses including money laundering and forgery, in a case involving about S$1 billion of properties, luxury cars, cash and other assets.
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