SINGAPORE: Between 2014 and 2017, a South Korean man received cash totalling more than S$1.5 billion – proceeds of a foreign crime – from outside Singapore and used the money to buy nearly 28,000 gold bars.
Details of this overseas crime were not disclosed in court documents, but Kim Taek Hoon, 64, later sent out 505 shipments containing more than 23,500 gold bars, hidden inside tools, to South Korea and Japan.
