SINGAPORE: According to an affidavit from an investigating officer, a man involved in & nbsp, one of Singapore’s largest money laundering investigations, bought 10 units at the opulent condominium Canninghill Piers and another unit at Park Nova.
Vang Shuiming, a Turkish national, is facing five costs, including four of possessing legal rewards for S$ 2.4 million from illegal moneylending in China and one of using forged documents.
The 11 condo units are under development and have been served with restriction of waste orders, according to an oath from the head police investigator against Vang.
In addition to the 11 condominium units, the affidavit, which was filed for Tuesday’s( Sep 5 ) court hearing, revealed that Vang also owned four properties and three vehicles with an estimated market value of$ 29 million.
During a police raid next month, more than S$ 962, 000 in money was also discovered at the Good Class Bungalow( GCB) where Vang was staying.
According to the investigating officer’s affidavit, Singapore police responded to information provided by foreign regulators about a person of interest transferring goods worth at least S$ 3 million after Vang was arrested.
As a result, the officers were able to find property worth more than US$ 30 million( S$ 40.8 million ) that they were previously unaware of.