SG police uncover more gold bars and other assets from money laundering scheme

Singapore police uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to 2.4 billion Singapore dollars.
Police said in a statement on Wednesday, the police had launched further operations related to a group of foreign nationals suspected to be involved in laundering the proceeds of their organized criminal activities, including scams and online gambling.
The latest action followed multiple other raids across the city-state last month that saw properties, vehicles, luxury goods and gold bars worth SG$1 billion seized or frozen. Nine men and a woman from Cyprus, Turkey, China, Cambodia and Vanuatu have been charged in court.