Singapore has filed charges against 10 people – three Chinese nationals and seven other foreigners with purported Chinese passports – in a major money-laundering crackdown, with nearly S$1 billion (US$736 million) worth of prime properties, luxury cars and other valuables seized as part of the probe.
The 10 people were charged in court late on Wednesday after their arrest in a nationwide police raid a day earlier.
The properties seized include Good Class Bungalows – the peak of luxury housing in the compact island republic and which can cost tens of millions of dollars. They can be owned only by Singapore citizens.
The three Chinese nationals arrested were a 44-year-old man named Zhang Rujin, a 43-year-old woman named Lun Baoying and a 31-year-old man named Wong Baosen.