S$3b money laundering case: Forfeited luxury goods, properties to go on auction from September
The properties will be auctioned off by real estate firms SRI, Edmund Tie and Knight Frank, while auction house Hotlotz handles the luxury goods.
Singapore's S$3 billion (US$2.4 billion) money laundering case involving a Southeast Asian gambling ring will see over 1,000 luxury items and 80 properties auctioned from September 7, according to audit firm Deloitte. Real estate properties will be handled by SRI, Edmund Tie & Company, and Knight Frank, while luxury goods like jewellery, watches, and handbags will be auctioned by Hotlotz, an auction house specializing in high-end items.
Some selected properties may be offered through an expression of interest process with List International Realty. The auctions will occur in phases between September 2026 and mid-2027, with the composition of items in each phase still being finalized. Hotlotz will hold 15 online auctions for the luxury items from September 2025 to May 2027, with the first auction featuring items from brands like Chanel, Louis Vuitton, and Christian Dior. The auctions are open to global participants after a stringent identity verification process.
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