SINGAPORE: Fifteen of the 17 foreigners who fled Singapore amid the probe in the , S$ 3 billion money laundering case , have agreed to surrender about S$ 1.85 billion ( US$ 1.37 billion ) worth of assets to the state, said the Singapore Police Force ( SPF ) on Monday ( Nov 18 ).
These assets, which make up 98.6 % of the entire property seized from them, had been ordered by the court to surrender them.  ,
The 15 immigrants who had their circumstances dealt with had been “dealt with,” according to the authorities.
CNA is aware that all 15 of their circumstances have been successfully settled because of this.
The various two immigrants are still the subject of inquiries.
SPF continued,” Assets worth S$ 144.9 million that are related to them are still being seized or subject to restriction of waste orders.
The cases involving the 17 immigrants fall under one of Singapore’s largest income fraud satellites. Tips on a group of immigrants using forged papers to launder money in the nation were the start of investigations in 2021.
In August 2023, nine people and one female were simultaneously detained in wealthy estates all over the country, with roots in China.
In the weeks following the detention, billions of dollars worth of assets linked to the offenders and another offenders on the run were seized- including difficult cash, luxury properties, branded items, crypto and beer.
All 10 immigrants were immediately convicted of money laundering, among other crimes, and sentenced to jail.
Of the entire property seized from the 10 criminals or often linked to them, about S$ 944 million worth of assets, or 92.1 per share,  , were surrendered to the position, the authorities said on Monday.
In June, the final of the ten criminals was sentenced. Following their prison sentences, they have all been deported and are prohibited from regaining Singapore.