Assets involved in money laundering case balloons to S$1.8bil: Prosecutors

Turkish national Vang Shuiming currently faces five charges, one for using a forged document and four for money laundering. - ST FILE; ST ILLUSTRATION: CEL GULAPA

SINGAPORE (The Straits Times/Asia News Network): The police have taken control of more than S$1.8 billion in assets as they continue to investigate one of the largest money laundering cases in Singapore, prosecutors told the High Court on Tuesday (Sept 5).

The update in the value of assets that have been seized, frozen, or issued with prohibition of disposal orders, came in a hearing where one of the 10 people who have been charged in the case argued for bail to be granted.