Fifteen-carat yellow diamond ring, serpent clutch among luxury haul from Singapore’s biggest money laundering case

Singapore's most significant money laundering case, involving over 1,000 confiscated items and 80 properties, is set to be auctioned by Hotlotz from September 2023 to May 2027. Among the seized luxury goods are a 15-carat yellow diamond ring and a serpent-shaped pink enamel clutch. The auction, which began with online viewing sessions on September 18, has seen high demand for appointments, with almost all available slots already booked.

The first two auctions, focusing on jewellery, handbags, and accessories, have pre-sale estimates ranging from S$2.9 million to S$3.9 million. The case originated from an island-wide raid in August 2023 targeting an illicit gambling operation in Southeast Asia, uncovering millions of dollars linked to the crime. The 10 offenders, all of Chinese origin, have been convicted and deported after serving their sentences.