A RM24mil watch and RM856,000 Hermes bag among items seized in Singapore's billion-dollar money laundering raids

Industry experts said the luxury items seized in the raids are not easily bought. - PHOTOS: SINGAPORE POLICE FORCE via The Straits Times/ANN

SINGAPORE (The Straits Times/ANN): A S$250,000 (RM856,000) Hermes Birkin bag and a rare Patek Philippe watch that costs over S$7 million (RM24 million) on the resale market are said to be among the items seized in raids this week conducted by the police in a billion-dollar money laundering case.

Three industry experts, and those who own businesses reselling such designer goods, said these luxury items are not easily bought.