GOLD BARS ARE INCLUDED IN POWER TOOL Shipping
Kim reportedly used the money to buy gold restaurants in Singapore before concealing them in air impact wrench exports to South Korea and Japan using three shipping companies in Singapore.
There were assurances that the supplies would only contain heat influence wrenches.
Kim is accused of lying to the shipping companies into processing the shipping and Singapore Customs into issuing goods certification permits for these supplies in exchange for doing this.  ,
With tonnes of cargo passing through our air and sea ships, Singapore is a big transhipment center and business hub for the area, according to CAD producer David Chew.
Transnational legal cartels will attempt to use these sizable legitimate moves to conceal the laundering of illicit money, according to the statement” this flow of business is vital to our business.”
Mr. Chew thanked Interpol and CAD’s international counterparts for their help with this matter.
” This case effectively demonstrates the value of international cooperation in confronting people who might be a part of a larger transnational criminal syndicate,” he continued.  ,
Additionally, CAD noted that timely filing of dubious exchange information and money exchange reports for precious stones and precious metals dealers contributed to the situation being discovered.
If found guilty of wealth fraud, Kim could be jailed for up to 10 times, fined not more than S$ 500, 000 or both.
He , may be jailed for up to three years, fined, or both for lying.
For failing to completely and accurately proclaim over S$ 20, 000 in dollars or , pleasant negotiable instruments – such as traveller’s cheques, money orders and postal orders – he may be jailed for up to three years, fined up to S$ 50, 000 or both.