SINGAPORE - Documents filed in the State Courts showed a wider network of suspects may be linked to the 10 arrested in Singapore in a money laundering case that now involves assets worth more than $1.8 billion. Some of these suspects are connected to organised crime syndicates operating overseas involved in online gambling, scam centres and illegal moneylending. In applying...
SINGAPORE - Documents filed in the State Courts showed a wider network of suspects may be linked to the 10 arrested in Singapore in a money laundering case that now involves assets worth more than $1.8 billion.
Assets worth more than $18 million have been seized or subjected to prohibition of disposal orders relating to Wang Baosen’s case. The officer also said the Singapore Police Force is trying to get information from counterparts overseas on the location and activities of Subject Y, who is currently on the run.
The website mainly operated “live” video online gambling for popular games such as baccarat and blackjack. It also dabbled in betting projects for sports and e-sports. He is an associate of the 10 accused, according to a list sent by the Ministry of Law to dealers of precious metals and stones. The list, which contains a total of 34 names including the 10 accused, was sent out on Aug 27 with instructions to dealers to review “transactions and business relations to assess if there are any reasonable grounds to suspect criminal conduct, including money laundering, in connection to the police investigation”.
The restaurant at Orchard Plaza, Jiang Hu Xia Ke, was previously asked to temporarily close in 2020 after staff were caught serving beer from metal teapots and flouting Covid-19 safety rules amid the pandemic.Prosecutors on Sept 5 revealed that one of the accused – Vang Shuiming, or Wang Shuiming – had communicated with a Suspect X, who is no longer in Singapore, about illegal activities.
Vang’s brother, Wang Shuiting, is on the MinLaw list. He is also one of eight suspects on the run from the probe here. The notice from the authorities in China urged the nine to return to the country, saying if they did so voluntarily before Oct 10, 2023, they may be granted leniency.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore's 50 richest people worth US$177B, Singapore 2022 GDP US$417BBrazilian billionaire Eduardo Saverin, co-founder of Meta Platforms (formerly Facebook) and a resident of the city-state, tops the list with a net worth of US$16 billion. (Seen in the Facebook picture with his wife, Elaine Andriejanssen)
Read more »
Is it possible for a family of 4 to survive on a single income in Singapore?One wrote, “Singapore gov wont let you starve,” but warned, “Life will be very tough'.
Read more »
Netizen asks what are the things that need to improve in SingaporeRespondents see need to improve housing and work culture
Read more »
Canada and Singapore to establish 'youth mobility agreement' on back of Trudeau visitSINGAPORE: Canadian Prime Minister Justin Trudeau on Friday (Sep 8) concluded a two-day working visit to Singapore with the two countries announcing plans for a 'youth mobility agreement'. This will
Read more »
65-year-old Australian cycles over 9,000km from Australia to SingaporeA weather-beaten man and his equally weather-beaten bicycle arrived at the Tanah Merah Ferry Terminal on Wednesday morning. His journey to Singapore did not start just an hour ago from Batam, Indonesia. Dr Ian Wallis set off from his home in Australia’s capital city...
Read more »
Singapore's upgraded F-16 fighter jets now armed with Python-5 missilesThe Israeli-made short-range air-to-air missiles have an “exceptional kill probability and excellent resistance to countermeasures'.
Read more »