Tradenation luxury goods scam: Tradeluxury director charged with money laundering
Thai authorities provisionally seized several properties in June, with Singapore’s Commercial Affairs Department helping victims consolidate claims for their potential recovery.
Singapore police have charged Tradeluxury's director, 30-year-old Singaporean Yap Lee Peng Somchai, with money laundering and failing to exercise reasonable diligence in the Tradenation luxury goods scam. Somchai, an authorized signatory of Tradeluxury's bank account, faces a charge for transferring property while believing it represented benefits from criminal conduct.
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