S$1 billion in assets seized in one of Singapore's largest money laundering probes
ฝัง
- เผยแพร่เมื่อ 15 ส.ค. 2023
- About S$1 billion (US$736 million) in assets, including properties, vehicles, luxury goods and gold bars, have been seized or frozen in one of Singapore's largest police probes into money laundering and forgery offences.
Ten foreigners have been arrested and charged after police conducted simultaneous raids on Aug 15 at multiple locations in Singapore, including at Good Class Bungalows and condominiums. Details: cna.asia/3KI75Ta
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Hit the iron while hot, root out all these criminal syndicates. May the victims of scams, exhortation, human trafficking etc. get compensated and closure.
Thank you SPF, you have made the nation and the world proud.
no they will let them go and strike them again
Hello, this CNA lah …. An Extension Mouth Piece of Our Malfunctioning PAP Government 😂🎉😂
@@Hs5687 I wish your wish come true and Singapore is not ruled by PAP anymore. And hope you live through it
@@falsch4761 Must be Careful for What One Wish for … For Starters, PAP has never been Gracious Losers 😊
Is very happy to get on hold of all these assets. 😂😅😮
It will become their money and all get to enjoy the loot.
Just like how they get to enjoy their million dollar salary.
Nobody can claim their money in years, leave it in the coffer becomes useless, let's all distribute among ownselves and enjoy spending on luxury lifestyles, holiday overseas, purchase foreign luxury homes.
It's acutally kinda disturbing, because this isn't just your average criminal syndicate. Everything in the houses were neatly sorted and I'm guessing also well catalogued. And all these assets seized totaled to a *billion* in Singapore alone. These assets most likely belong to a very powerful international crime organisation or powerful figure, and it'll be interesting to see if those that were arrested are going to fess up to anything.
read in a foreign publication that SG is top money laundering and terrorist financing due to our openness.
Probably another Tip off from Overseas like Iswaran case.
Interesting how they managed to Stay in SG for so long Flaunting their Wealth n Not be On the Radar 🤔🤔
It is definitely organised crime. These are the runners. You think PAP still being lead by dishonrable son dare to put Section 55 on all these caught?😆😆😆😆
Hi, BoyBoy here. Why is money laundering bad? It's good for GDP right? Since they spend or invest it in luxury items abd properties, would it not be good for those living in GCB as their purchases jack up prices the most? How much GDP growth a result of Corruption and Laundering?
Boy boy asking
@@vincecarlo
This is called 放长线钓大鱼(in Chinese language). Who knows, the tip off may be from and among countries, they may be waiting for the right moment to strike, and if we can think of bigger fishes behind these smaller ones, of course the govrnment(s) would have known that well before us!
While many of our poor Singaporeans were scammed by scammers... These scammers are happily enjoying high-end luxury lives on our land....
What your suggestions to WP then? WP said want to help Singaporean 😂😂😂
@@HawkishMerlion1965take all this put in SG reserve. Don't up GST
While the locals are struggling just to buy BTO slum housing, the gov is 'providing detergent' for kinds like these to do their 'washing'!😆😆😆😆😆
These top notch scammer washed their dirty money into luxurious good and Collectable so that they can resell for a cleaner money.
Who are these people n from which countries came here?
All these scammers need to be severely punished. Taking hard earn money from pple who can ill afford n need money to support their families shd be doubly punished.
Dude, these are money launderers not scammers lol.
Probably another Tip off from Overseas like Iswaran case.
Interesting how they managed to Stay in SG for so long Flaunting their Wealth n Not be On the Radar 🤔🤔
@@vincecarlo they don’t seem to flaunting their wealth tho? All the luxury bags seemed to still be in stock plastic bags, luxury watches were all neatly stored and everything was well categorized.
@@realohiobuttholeticklerthey are part of the scams down the road.
Shocking. What about agents who help them buy these properties and banks involve? Why it took so long to find these?
Hahaha true true 😂
Helps To " PUSH " UP Property n COE Prices
4G Close 2 👀 ?
These people should be heavily penalised with no mercy.
You think investigation is so easy ah. In that case alot of cases would have been in the courts by now.
So those agents' whose commissions were paid with dirty money should all have their monies confiscated too.
not bad leh, when these crooks bought private property in singapore, they already paid ABSD. Now government seize their assets and resell them in future, our government coffer will be richer.
O what... Still squeeze the ppl....
Why are non citizens allowed to buy landed properties?
@@s._3560probably using a Singaporean’s name
they will probably sell these assets and give the proceeds to the scam victims. won't go to govt coffers I think
Helps To " PUSH " UP Property n COE Prices
4G Close 2 👀 ?
The Singaporean Authorities did a great job. Really interested in how the criminals were dealt or even how they were caught. #AntiMoneyLaundering
More Interested in how they managed to Stay in SG for so long Flaunting their Wealth n Not be On the Radar 🤔🤔
Should revoke their PR or whatever status and put them on the first plane out of singapore. Nevermind what destination. Thats what saudi arabia used to do to foreign petty Criminals. That is after serving their time. Soon changi prison also wont be big enough !
@@jessiejames7492 Chia Teck Liang will welcome them with open arms.
lol ur singaporean authorities been bribe, if they did a really good job there wont be 1 billion sitting somewhere in singapore lollll
@@tradertiga Yes just like you, it is easy to make a sweeping statement.
There are definitely more of such people around, especially when they are normal directors from companies that doesn’t make much money yet have much wealth to flaunt. Multiple condos and luxury cars. Definitely a red flag of what they do behind the scenes. Good job SPF.
They need a high paying job to "clean" their cruel money.
Most crazy rich people in Singapore they do somthing illegal it’s can’t be true they are so crazy rich unbelievable That they can make that much
Nowadays it's common to see many people in Singapore driving luxury and expensive cars. Wondering where most of these people attained so much $$$ ... now here could be one....
As I highlighted last time, SG govt have to carry out audit trail for rich properties buyers.
Likely their monies were from ill gotten gains.
Alot of China billionaires have disappeared mysteriously. Where did their wealth go?
@@kitty2527 Those billionaires who disappeared were not really innocent people as portrayed by western media; innocent people cannot become billionaires.
@@kitty2527 they had moved their wealth to some rich countries, such as SG, US, UK, Australia
What is more alarming many have been let into Singapore and made off with a lot of our hard earned money.
@@tangt4860that's where u r wrong la. We let those "billionaires" into SG, and turn them into millionaires.
On what ground they managed to gain residency here?
They manage to own properties, that means they have slipped through the vetting process of the estate agents.
They managed to hold SG bank accounts, that means they have got away with the vetting process of the banks.
And what else they have outsmarted???? Or the vetting mechanisms here are simply not robust.
MOM's "Compass" gonna take into effect in Sep, before that you can just buy some random certificate and call yourself an "specialised expert"
😂 u cannot read properly? They are no SG PR or Singaporean 😂😂
They were smart, they become a citizen of another country first before coming to SG.
4G " Sleeping "
@@vincecarlo...no sleeping lah...how to be sleeping with such HUGE SUM MOVING IN AND OUT...THEY ARE WIDE AWAKE ONLY PRETEND NEVER SEE!😆😆😆😆😆
This is just a small case i think there alot of them in Singapore Nowadays.
WELL DONE SPF !!!!!!
One case found out i wouldnt put it aside that there are many others operating.
@@jessiejames7492 this raid is likely the domino effect of the raid that happened in Sydney a few months back. Mainlanders occupied a super expensive property in Vaucluse with a few luxury cars, tonnes of cash, luxury watches and handbags. It’s like DeJaVu
We shouldnt be congratulating. We should be asking WHY we allowed this to happen in the first place - harbouring criminals, giving them refuge and grow in SG, while giving excuses as to why they are so hard to catch. Why us, why not other countries, because we are EASY. If you read foreign publications, you will know that we known as top money laundering and terrorist financing center. Of course the government and their lackeys (local media) diam diam only.
Probably another Tip off from Overseas like Iswaran case.
Interesting how they managed to Stay in SG for so long Flaunting their Wealth n Not be On the Radar 🤔🤔
Using Artificial intelligence..... It is rather easier to filter and find criminals these days. Unknown foreigner with no proper job (not paying tax or little), living in luxurious residence, driving expensive cars (parking + ID).........
All PRCs regardless of how you want to say they have different passports. How did this happen in Singapore? How did they access the GCBs. This happened overnight?
Gd job SPF, this activity need to be swipe at our community👌👍
Great job SPF!👍👍👍👍👍
Keep up the good work! There are more out there yet to be caught! The Financial Action Task Force are watching SG closely. These crooks are tarnishing SG as a financial center!
Already TARNISHED
Sg has been destroyed as a financial centre long ago once the PRCs and Cecas were allowed easily into the banking system. Why do you think there are so many phone and online scams in Singapore but which the local authorities had not been doing anything in the past few years?
@@tangt4860 these phone and online scams happens everywhere in the world. Singapore is no exception. There is no way to clamp down on all of them. these syndicates are like hydra, chop off one head, another few grows out ... most times such scams are run out of Singapore.
Why tarnished? The more the merrier. Bring money in to SG, kope the money and then salary will increase.
Ownself enjoy ownself.😂😅😮
@@yingyang2405 better not touch bad karma money, as good as picking up those Ang POWs and gold joss paper strewn all over the streets.
Thanks for contributing to nation's reserves 😊
P s. Everyone knows even foreigners say SG is money laundering haven... also power la SG 1st gst payout get back money from Taylor Swift concert and now 2nd gst payout can get back from this case! 😅
Just go geylang street and pick a random chinese resturant. Good chance it's for money laundring.
The money seized doesn't go into our national reserves.
It is still in the bank account, albeit frozen and they are unable to access it..
The real beneficiary is the banks
Well done SPF and other authorities!
1. Hope action is taken against property agents who helped them acquire these assets
2. Also, I'm guessing this is the "tip of the iceberg" - the high-value real estate transactions in Singapore should be monitored and it should be assessed what is the source of income of those buying these properties since this has a domino effect on real estate around the island - it become almost impossible for honest hard-working people to even consider owning 1 property when these termites have 100+ properties worth $1Bn+
" Suspects buying Singapore properties since 2017; 105 mainly residential units worth S$831 million "
So Much 💰💰 yet NO Red Flags ?
The cars and the watches 😍
The Birkins & Hermes 😘
The cash 😍
Should start digging around Ridout to discover the real eye dropping stash.
the cash mmmmuahh😂
When they show the handbags I thought Jamie Chua kena arrrested sia 🤣
Don't be fooled by looks. What lies beneath a handsome or beautiful Kpop looking face can be very diabolical
No Singaporean or PR, but they have 35 bank accounts with $ 110 million. How?
Alsnjemenou! Godverdomme! Dutch expression.
to acquire all these cash, cars and assets requires a long among of times and planning. just how long have they been operating in Sg ? believe it goes deeper than what we are seeing here. it's not easy doing this (not just a few hundreds or thousands of dollars) in such a small country without a "good-shield" from the authorities. well done Singapore and do keep digging.
Of course it goes deeper mate. The problem is govt. Is usually aware that you gotta strike a balance between allowing all this money to come into the country and managing corruption. If they stop all money laundering, ppl will not move their wealth here, invest in properties, etc. Every once in a while, they will pick up a scapegoat, to show in media, that they are doing a great job. But will they really follow the audit trail and remove the entire network of money laundering folks in Singapore. Nope, that will.make Singapore economically weak
It is an International money laundering Syndicate reported ny one of international news outlet.
Thank you Singapore Police Force❤❤❤
And also how did they buy landed properties ? news never explained also.
To amass assets of SGD 1 billion in Singapore takes some time. How was the syndicate able to operate in Singapore for such a long period?
True
Helps To " PUSH " UP Property n COE Prices
4G Close 2 👀 ?
You say leh? To come to know that their own Transport minister was corrupt also took so much time, what took them so long and moreover if it wasn't another issue, this corrupt minister issue would NOT even be exposed!
You say leh?😆😆😆😆😆😆
authorities waited til they have collected 1billion..
Informative video. Thanks
Please catch the property agents in charge was helping to buy and sell these houses too.
Hope those scammed money will return to those who lost it!
Is this that Primary CPIB Investigation b4 stumbling onto the IS / OBS link ?
From how well established is their set up, we know its has been in Singapore for many years. Why are they not eradicated early? Why now? What trigger the government to act?
Would be interested to know if they actually own the GCBs given foreigners require government’s approval to buy one. And if they did, on what basis the approval was given
Foreigners are already owning those in Sentosa Cove thanks to the Poh traitor.
Loong likes them - that is reason enough.
Mr.Tan has connections everywhere
come on all pay in cash , you think they going to pay installments ???
@@goggles7777 you have difficulty comprehending English, don't you? that's not the ask of the question. of course they have likely paid in cash, as with Singaporeans and PRs who have the means. If they did paid in cash, it would have already triggered AML checks. For foreigners to be approved by the govt to buy a GCB, there would be other criteria to fulfil and if they failed to detect red flags then, something is wrong with the vetting process
Wow....!!! I'm speechless 😲
Let them spend money first, until one day, they stopped spending, then go after them 😂😂😂
And 1 wonders the RECORD High COEs
Confirm la bro. These clowns 🤡
Owning over hundred of property require some assistance from citizen. I wonder who they are?
Heard still got 8 escaped the raid , so is there a manhunt for them ?
They are probably in Malaysia by now
Unbelievable that's this can happened in Singapore.. Wow..
Not anymore for this person
lol singapore is a tax haven and has favorable tax laws for wealthy and people and a discrete banking system
@@Flex11136...Better than the Swiss...shhh...but somone did say you locals would have Swiss standard of living...but the locals did not know this applies to whom!😆😆😆😆😆😆
Ill gotten gains from scamming our elderly and hardworking populace. These hardless creatures need to be thrown in prison for life.
@@Flex11136 ...low income tax....low GST like what is VAT in truly first World countries...no captial gain tax for property except ABSD.
Leaders paid themselves highly and opening doors wide for 'FAMILY OFFICES' ...I guess compared to Nigeria , this is Asian Nigeria!😆😆😆😆😆😆
As a watch dealer, I think it will be an exciting day at the police auction
Of all countries they can choose, they chose SINGAPORE...Bravo 👏👏👏
You will see some in South America n Europe, even in Africa too
@@glennchua9043 of course there are, but as though they wanted to get caught in Singapore
Mainland Chinese easier to blend in that's why.
Why not? Your gov have the correct types of rules and regulation precisely to 'wash money'!
Call it the right type of detergent to do the laundry!😁😆😆😆😆😆
You are commenting based on one single case. So, not accurate.....
You should get crime information from Interpol and you can learn many things about crimes in every country.
This is the main problems with Singapore, we opened the floodgate to many foreigners coming here from any countries with fake degrees, fake passports etc. I wonder how these richer syndicates can obtain driving license and DP pass & EP pass so easily.
Ica only look at their bank accounts and never check where these money comes from..disgrace & frustrated to live in sg with so many Foreigners here.
hopefully some of this money will go back to the victims who were scammed
Who is/are the owner/s of the gcbs and condos?
Digital footprint is everywhere and uneraseable!!!!
Just a matter of time before Cyber criminals with get caught and pay for their crimes..Well done to Spore Police Force👍💪🏽🤝
Digital footprint is actually erasable. Just need to keep track of every single one whenever you’re creating a new footprint.
Good Job Singapore Authority. Salute!
This is only a glimpse or trailer... there's more of this in SG... driving up inflation...that's how coffeeshop are sold for few hundred million..., thus increasing rental costs
government must be eyeing them for awhile and waited till when they're well fed and going in for the kill.!!! Good harvest .
These people are living their best life here in Singapore for almost 6 years and just now they've been caught.
@@Stara-mo7yg precisely after 6 years they're well-fed and they have lower their guard through out the years waiting to be slaughter by SPF.
Any idea where the auction of those items will be held?
All confiscated items are NOT to be auctioned by law
@crystal8537 if that is true that would have to be the dumbest law ive heard.
@@aphaseelec 😂
@@crystal8537 and what will government do with those mountain of items? Stare at them and pay storage costs?
@@yili7347 Government officials can rent more GCBs. Now got more 90+ more choices.
I thought GCBs are only for citizens. Why are foreigners allowed to own them?
Many citizens should be involved assisting them in buying properties, cars and also feeding them information. Don't be surprised that bank employees and software professional were involved.
Good job to all who worked on this!👍🏼👍🏼 Now we need to be careful of their minions?🤔
At first look I thought they’re showing Najib’s possessions. 😅
😂😂😂😂😂😂😂😂😂 Mahathir family members are billionaires though.
A tax safe heaven attracts crooks.
😂 Malaysia no tax heaven also many criminal, how u explain?😂
@@HawkishMerlion1965
👏👏👏
@@HawkishMerlion1965 Isn't Singapore a tax haven?
Aren't billionaires F1 boss John Ecclestone and FB co-founder Eduardo Saverin tax evaders? Who knows how many more?
@@johnny-ih5esyou forgot the vacuum guy & last week a girl from Aussie
Some people only come to retire and beguile others. They come promising the sky, absorbing the fat grants but never deliver any product in the end.All excuses meanwhile the grant money end up in their own pockets. If only our country is forward thinking enough to nuture and help their own local people and own local entreprises to grow.
It's not all fine with Spore as being broadcasted to the world....
Those wealthy that got our passport, pls setup a task force to vet them again.
none of the 10 had local passports lol
@@TheMrleeyang ...wait...you mai kan cheong....sure have local collaborators involved one....with so much cash....even 0.5% commission to do a certain task also ...HUAT AH!😆😆😆😆
@@kengleetan63 to him, only scammers will play the trick, without local money mules????? In the first place, how they even got in here and stay put? via EP, tourist visa, or by Submarine? 🤣😂
@@clementihammock7572 ...of course got local 'collaborators' lah....even ppl who are professionals.....101%...all these money even if any locals were to get a kick back of 0.5% out of a certain deal....also HUAT ah!😆😆😆😆😆
@@TheMrleeyangand yet they could live in areas and housing and live the life including going to parties with our local celebrities, dignitaries and politicians that decent hard working Singaporeans could never dream of for several lifetimes.
Welcome to Singapore.
This is not only a fine country, many more await you, changi chalet free food and accommodation
can anyone explain like what will happen to the money next? will it come out on next gst voucher? :D
If they have any ties to laundering drug money we should give them the death penalty. Will be a lot more effective than just giving out death penalties to drug traffickers.
Robbing people personal items in daylight and killing. Please question your conscience. The things are personal assets they have painfully collected.
@@wendyshoowaiching4161 my conscience is clear but your morals are dubious at best. I am in full support of seizing the assets and giving death penalties to criminals who laundered money for criminals.These people could be laundering money for scammers, drug lords or even human traffickers. Why are you defending them?
Agree
This can happened due to the flawed immigration policy.
MORE IMPORTED PROBLEMS
@@vincecarlo just let them bring in money and assets, do a sweep once in awhile, rake in the profits!
Issit some people don't realise you can't thrive by yourself on an island without any external exchange with other countries? Hi read up on economics please.
SG is a rich haven for immigrants the greed for wealth!
These money launderers could be Drug Lord, Human Trafficker, Smuggler that made huge profit on this soil in illicit drug, prostitution, non documented foreign worker, contraband cigarette etc.
With this action, Singapore will lost its preferred money laundering status. Money laundering groups will look for alternate safer locations.
This will hv impact on property, COE price.
th-cam.com/video/z4qnfCPzFbc/w-d-xo.html
This raid is likely the domino effect of the Sydney raid and arrest
Yes, it will have dominoe effect. In the short run groups may makes mistakes and get caught relocating. Long run prices here will drop. Lower cost of living
How did these prcs gain approval to buy gcbs? Hmmmmm...more than meets the eyes.
Should have law world wide a person cannot own more than one property. Houses are a basic necessity should not be so expensive that one has to use a whole life's work to pay and sometimes also cannot pay. These criminal acts and speculation drive up prices to sky high also.
Looks like the 100 note is going to get phased out this time
If I may ... Who gets to keep the money?
Lock them up and dispose of the keys they got what they deserve
im sure they will sell the assests
@@_Braydenim sure he’s talking about the criminals instead of the goods 💀💀
No!!!!!!!
This is peanuts compare to those worlds highest paid ministers in the world with billions is their personal account and business n buildings .
They are mostly people from PRC. Was this the reason why the FM suddenly pop up in SG out of the blue?
Very likely as Taiwan press has exposed that the CCP is going all out internationally to retrieve and squeeze these overseas PRC refugees and fled criminals for money to stabilise China's growing economic woes.
Not mostly, ALL are PRC nationals. Hiding under second passports issued by PRC govt.
They help to raise the value of properties which many Singaporeans benefitted.
They probably forgot to pay some taxes...
All suspect wif chinese name?
Yes, and all have China passport.
Yes but they are banned from entering China since last year
In another news clip, Cambodian, Turkish, Cyprus nationals are also involved
So much for MAS’s consideration of costs in printing new notes. So this is where the new notes go.
Imagine these types of money launderers purchasing properties at premiums increasing the value of properties or lands and them sell them at higher premium. That's what happens to almost all money laundering guys to earn more money out of real estate.
Housing agent lawyers must be charged
The Switzerland of Asia. And now you know the succes of Singapore is not all green & clean...dirty money plays too.
Where does the $ comes from? No source ?
Illegal businesses
@@Stara-mo7ygboth legal and illegal biz
illegal online gambling
PRC ?
Tiongkok, Cambodians
I seen so many prcs buying million dollar cars wonder what they do haha
Dead giveaway is a pink luxury car. lol
Dig Jian Hao tan too
It's has been going on for a long long time . Why now?
Helps To " PUSH " UP Property n COE Prices
4G Close 2 👀 ?
Can't you see the PAP knows its end days are near and getting desperate to even go on air to talk about the 'Reserves' the imaginary sovereign account whose figures are known to a select few. But when asked what benefits did the Reserves do for Singapore - nothing tangible was mentioned.
Love u SINGAPORE 🇸🇬 🇸🇬🇸🇬🇸🇬
These criminals belittled our law enforcement. Good for them.
What happens to the seized amount n assets? Just wondering😢
Prob goin to be auctioned off
Auction off and another money washer buys it loh and then the phrase.....HERE WE GO AGAIN!😆😆😆😆
#JUSTICE
Where will the seized properties, jewelleries and vehicle go to next?
Must have a big GCB to house them. Are 26 and 31 Ridout big enough?
@@tangt4860...they might need 27 and 32 Ridout too for storage besides 26 and 31!!😆😆😆😆😆
well done！
Oh!😮
Tip of the iceberg!
Yes, money in the coffers!
ah yes yes but we really want to know what of Iswaran
And my wallet cost $7 bought at shopee, my ⌚️ ppl give.. motorcycle still got hutang.. tough life.
not surprised to see passports from you know where ... and those are the ones who didn't bother to switch to S'pore PR.
if you take a closer look at all those B-grade shopping malls (Far East Plaza, Katong shopping mall, Parklane mall etc) and its sleepy and almost no customer shops like massage and spa , nails and pedicure salon, consultant agency, buy and trade crystal jade shops are all reek of money laundering. And not forgetting cash only chinese restaurants in Geylang, and KTVs
Still not enough to cover the losses of MAS $30.8 billion ! Ask Tharman !
Singapore need to seize more !
Bravo!
I wonder what the police will do with the confiscated items and money?
Donate to salvation army?
That’s a good question … auction them in other countries?
Return to those scam victim , it’s their hard earn money
Just give a pat on their backs and say " Thank you for reimbursing our drop in reserve"
Just like drugs will burn it in senoko
Right time to seize the money
omg I hope there's a Money Heist/Squidgame/Crazy Rich Asian type of Netflix series coming out based on this soon
Those caught r runners or operators, the true owner is somebody in China. He/she is likely to be powerful n influential in China.
The big fish will almost always be isolated and swim away
Deserves it 👏 👌 🙌 👍👍👍👍👍👍
So many bags remind me of Jamie Chua
And the former First Lady in Malaysia, Rosmah