Singapore police to apply to distribute S$1.5mil in seized assets to claimants in Genneva gold scam: Minister

Genneva, a Singapore-registered investment firm, sold gold bars under a buyback scheme between 2008 and 2012. - ST FILE

SINGAPORE: The police will be making a court application to distribute more than S$1.5 million in seized assets linked to the multimillion-dollar investment scam by Genneva.

In a written reply to Sylvia Lim (Aljunied GRC) on Jan 13, Home Affairs Minister K. Shanmugam said the police will notify claimants about the filing of claims in due course.