The ten arrested foreigners in Singapore’s major money laundering scandal returned to court yesterday to face new charges.
New charges were slapped on eight out of the 10 suspects accused of money laundering in Singapore, according to a «Reuters» report citing court proceedings. The fresh charges included having millions of dollars in assets as «benefits from criminal conduct». This follows previous charges that include money laundering and forgery.
Revelations continue to emerge from Singapore’s latest money laundering scandal. Banks that have been reportedly used by the suspects in some form include Deutsche Bank, Citi, CIMB, DBS and Bank of Singapore. In addition to banks, property agents, precious metals dealers and golf clubs in the city-state have also been named in the scandal.
September 6
The case was first made public following the announced seizure of over S$1 billion ($741 million) in assets, including properties, luxury cars, cash and more. The 10 foreigners arrested were aged between 31 and 44, originating from Cyprus, Cambodia, Dominica, China, Turkey and Vanuatu. Eight more suspects are wanted while 12 are assisting the probe.
The 10 arrested suspects that appeared in court were denied bail and remanded in custody until September 6.
