US insider trading probe: Singapore firm used to launder illegal proceeds

Charges were filed on Nov 18 against eight suspects in the network, including Singaporean Ge Zhi. - Photo: JOSH GE/Facebook

SINGAPORE: Key members of an insider trading ring linked to transactions that ran into the tens of millions of dollars had moved some of the illegal proceeds through a firm in Singapore, The Straits Times has learnt.

The funds were eventually channelled into a bank account linked to a restaurant in Paris.