• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.48
    • RUB159.75
    • EUR14871.64
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +36°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested

    Singaporean authorities have apprehended 10 foreign individuals as part of a major crackdown on alleged money laundering and forgery activities. The case involves an astonishing sum of around S$1 bn ($737 mn) in cash, real estate, high-end vehicles, and various other valuable assets.

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested
    Photo: Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested 
    Source: Reuters

    The arrests were carried out during simultaneous raids conducted across the city-state on August 15. As per a statement released by the Singapore police on August 16, the operation was aimed at capturing suspects linked to significant financial misconduct. The authorities are working diligently to uncover the intricate web of illicit financial activities that the suspects are believed to have orchestrated.

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested
    Photo: Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested 
    Source: Reuters

    Prohibition of disposal orders has been issued for a total of 94 properties and 50 vehicles, collectively valued at over S$815 mn ($600 mn). This move is intended to prevent the suspects from disposing of their assets during the ongoing investigation. Among the assets seized are numerous luxury items, including upscale handbags, jewelry, watches, and high-end electronic devices.

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested
    Photo: 50 vehicle seized
    Source: Reuters

    In addition to tangible assets, a substantial number of bank accounts have been frozen to prevent further movement of funds. The authorities have also taken possession of a significant amount of cash and various documents that reportedly contain information regarding virtual assets.

    Singapore busts $737 mn money laundering ring, 10 foreign nationals arrested
    Photo: seized items include upscale handbags, jewelry, watches, and high-end electronic devices
    Source: Reuters

    The individuals taken into custody range in age from 31 to 44 and hail from diverse nationalities, including Chinese, Turkish, Cypriot, Cambodian, and Ni-Vanuatu. This multinational involvement suggests a complex network potentially aimed at obscuring the origins of the funds.

    In a separate statement issued by the Singapore central bank, it was revealed that they are actively cooperating with the financial institutions where the potentially tainted funds have been detected. The central bank is engaging in supervisory activities with these financial institutions to ensure that proper measures are taken to prevent such instances in the future. However, the statement did not disclose the names of the financial institutions involved.

     

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    17.08.2023, 18:01   Comments (0)   1136
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Haiti: mass departure of capital residents

    17.08.2023, 17:10

    Kyrgyzstan plans to transfer  resorts to Uzbekistan for 49 years

    17.08.2023, 15:21

    Lebanon's power outage: Unpaid debts to power plant operator

    17.08.2023, 14:46

    New mass burial discovered in Azerbaijan: Exhumed bodies show signs of torture

    17.08.2023, 14:07

    Manhattan architect and family man: The identity of the Long Island serial killer is revealed

    17.08.2023, 13:05

    Tragedy unfolds: Migrants presumed dead in Atlantic off Cape Verde

    17.08.2023, 11:12
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization

     

    Recommended

    Heatwaves could kill thousands annually across Central Asia by 2090, World Bank warns

    17 July, 12:10

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    9 July, 15:42

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12
     
     
     

    Latest news

    Global electric vehicle sales hit 9.1mn in 1H25 as China drives market growth

    World | 27 July, 11:00

    Uzbekistan professor bridges cultures and fosters innovation at University of Missouri

    Uzbekistan | 26 July, 16:00

    Uzbekistan uses over half of its land for agriculture, Cadastral agency reports

    Uzbekistan | 26 July, 13:35

    Uzbekistan’s poverty rate falls to 6.8% with 2.1 pp drop in 1H25

    Uzbekistan | 26 July, 11:01

    Uzbekistan advances social protection reform with results-based planning and budgeting workshop

    Uzbekistan | 25 July, 17:28

    Afghanistan, Pakistan sign preferential trade agreement to cut tariffs on key agricultural exports

    Afghanistan | 25 July, 15:00

    Uzbekistan's fixed asset investments reach $21.4bn in 1H25, up by $2.4bn

    Uzbekistan | 25 July, 13:00

    Uzbekistan proposes Georgia to join China–Kyrgyzstan–Uzbekistan railway with view to Middle Corridor integration

    Uzbekistan | 25 July, 11:31
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.