The amount is now almost triple the initial figure at $1 billion when the case first broke in mid-August. The police have also seized thousands of bottles of liquor and wine, 68 gold bars, 294 luxury bags, 164 luxury watches and 546 pieces of jewellery.
The total value of assets seized in Singapore’s largest money laundering case now stand at more than $2.8 billion, says Josephine Teo, Singapore’s second minister for home affairs. Teo revealed the figure in Parliament on Oct 3
These include 152 properties and 62 vehicles with a total estimated value of more than $1.24 billion; monies in bank accounts amounting to more than $1.45 billion; cash of more than $76 million; and cryptocurrencies of more than $38 million.
