SINGAPORE: Over S$ 2.4 billion( US$ 1.8 billion ) in seized or frozen assets have now been added to a sizable, international money laundering case that first surfaced in Singapore.
The total value of the luxury vehicles, homes, funds, and other resources thrown up in the middle of August after Singapore police raided several locations across the area and detained 10 foreigners has more than doubled from the initial S$ 1 billion.
Lawyers in court later increased the amount to S$ 1.8 billion in early September.
On Wednesday( Sept 20 ), the police announced additional operations, during which new assets were seized and disposal orders were prohibited.
The total estimated value of the drag of assets at this time is more than S$ 1.127 billion andnbsp, as well as money, including foreign currency, totaling over S$ 76 million. Over$ 110 million and S$ 23 million, both, were the first sums seized in August.
Police claimed to have taken control of 294 pleasure bags, 164 luxury watches, and 68 silver bars, an increase of two.
Additionally, they have seized 204 digital equipment, including computers and cellular phones, in addition to 546 pieces of jewelry, an increase from the previous more than 270.
With a total estimated value of over S$ 1.242 billion, there are now more than 110 components and 62 cars issued with leisure orders prohibiting the investigation, away from 105 and 50, both.
Along with & nbsp, alcohol, liquor, and various jewels, more than S$ 38 million worth of bitcoin were also seized.
According to the law, this brings the total value of property seized or issued with restriction of removal requests to more than S$ 2.4 billion, and investigations are still ongoing.