Authorities draw links to car leasing companies in Singapore as US money laundering probe widens

The police are investigating in Singapore the activities of Cambodian national Chen Zhi, who ran the Prince Holding Group conglomerate, and the companies associated with him. -- PHOTO: AFP

SINGAPORE (The Straits Times/ANN): The Singaporean owner of a car leasing firm has been arrested amid an ongoing criminal probe by the US Treasury that has seen the US government seize some US$15 billion (S$19.4 billion) in Bitcoin.

Tan Yew Kiat, the owner of SRS Auto in Kung Chong Road, was arrested this week after the Singapore Police Force conducted a series of raids.