SINGAPORE: Individuals with names similar to those who have been charged in the & nbsp, billion-dollar money laundering case have collectively donated more than S$ 380, 000( US$ 279, 00 ) to the President’s Challenge and Community Chest.
Ten defendants were detained in August of this year as part of an islandwide anti-money fraud investigation. & nbsp, From the initial S$ 1 billion, the value of assets seized or frozen has since snowballed to over S$ 2.8 billion.
Both organizations omitted to identify the potential donors who had made the contributions.
The charity spokesperson said in a statement on Wednesday( Oct 11 ) that President’s Challenge has identified donations totaling more than S$ 350, 000 from people whose names are similar to those charged.
The donation received S$ 30,000 in donations from individuals with brands similar to those of suspects charged in court andnbsp with money laundering offenses, according to Charmaine Leung, managing director of Community Chest, in a separate speech on Wednesday.
Both charities claimed in their statements that they had submitted police reports, suspicious transaction reports( STR ), and & nbsp reports.
Additionally, they stated that gifts that have already been given to charitable organizations will not be impacted.
Both organizations added that they are closely collaborating with the Commissioner of Charities, the & nbsp, to decide how to handle the donations.