Companies linked to two fugitives blacklisted in Singapore over S$3bil money laundering case


ST previously reported that Su Binghai had fled Singapore the same night police raids over the money laundering case took place in Singapore on Aug 15, 2023. - ST READER, THE ORGANISED CRIME AND CORRUPTION REPORTING PROJECT via ST/ANN

SINGAPORE: Eight companies in Singapore have been blacklisted and barred from business dealings over their links to two fugitives who allegedly played key roles in the S$3 billion (US$2.31 billion) money laundering case.

In a reply to queries from The Straits Times, the Singapore Police Force (SPF) and the Accounting and Corporate Regulatory Authority (Acra) said regulatory or enforcement actions have been taken against companies owned by Su Binghai from September 2023, and those linked to Xu Haika from April 2024.

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