SINGAPORE: A report on Thursday said that the suspected members of a large-scale money laundering group in Singapore purchased properties in Dubai worth at least US$28 million .
The exclusive report from the Organized Crime and Corruption Reporting Project , an international network of investigative journalists, cited leaked data as its source.that led to the arrest of 10 foreigners in the city-state’s biggest money laundering incident in August 2023. After serving jail time, these 10 people were deported and prohibited from returning to Singapore.
The OCCRP report says that the money laundering network had made billions of dollars from illegal gambling and cyber fraud. An earlier report from the organization said that several individuals linked to the network had also purchased nearly S$81.5 million worth of properties in London. As reported in August 2023, when Singapore police rounded up 10 foreign nationals in the money-laundering ring, Wang, Chen, and Ke are all Chinese, though Chen and Ke are also Cambodian citizens.
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