SINGAPORE — One of the 10 suspects alleged to be involved in the S$2.8 billion money laundering case, Wang Baosen, 31, will be detained a further four to six weeks to allow authorities to complete their investigations. In the State Courts on Wednesday (Oct 4), Deputy Public Prosecutor Michelle Tay s
Wang Baosen, 31, will be detained a further four to six weeks to allow authorities to facilitate investigationsAuthorities have uncovered assets totalling S$2.8 billion so far which is related to the case involving 10 suspectsSINGAPORE — One of the 10 suspects alleged to be involved in the S$2.8 billion money laundering case, Wang Baosen, 31, will be detained a further four to six weeks to allow authorities to complete their investigations.
“Time is needed to wrap up with investigations to come to a position for the subsequent prosecution,” she said. The anti-money laundering probe, which is likely to be Singapore's largest, led to three ministerial statements during Tuesday's parliamentary sitting setting out the Republic's strategy to combat the scourge of overseas criminals laundering their money here.including good class bungalows, 62 vehicles, 294 luxury bags and 546 pieces of jewellery have been seized from the suspects, among other assets.
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