Singapore to sell gold bars seized from launderers

Non-cash assets: An illustration of gold bars and coins is seen in this file picture. Items seized in the S$3bil money-laundering scandal in SIngapore include 58 pieces of gold bars and 460 pieces of luxury goods.

SINGAPORE: Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country’s biggest laundering case.

The local unit of consulting firm Deloitte has been appointed to manage the process of selling the non-cash assets, according to a statement by the police, who added they handed over more than 460 pieces of luxury goods and 58 pieces of gold bars to the firm this week.