Singapore seizures rise to RM10.37bil in laundering case

Image - Bloomberg

SINGAPORE: Singapore said the amount of assets seized in relation to a major money-laundering case rose to more than S$3 billion ($2.2 billion - RM10.37 billion), as the police froze more properties, luxury bags and cars.

Warrants of arrest and Interpol Red Notices have been issued against Su Yongcan and Wang Huoqiang for money laundering offenses, the police said in a statement. Both left the city-state before the Aug. 15 raids, according to the police, which led to 10 people of Chinese origin being charged with the same crime and forgery.