South Korean man in Singapore allegedly bought gold bars with RM5bil in ill-gotten gains, hid 23,000 of them in shipments


Image from The Straits Times/ANN

SINGAPORE (The Straits Times/ANN): A South Korean man in Singapore is said to have received the benefits of criminal conduct totalling more than S$1.5 billion (RM5 billion) from his home country and Japan between 2014 and 2017.

Kim Taek Hoon, 63, allegedly used the money to buy nearly 28,000 gold bars, each weighing 1kg.

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