4 luxury properties linked to Singapore's largest money laundering case sold for $12.7M
Four condominium units linked to Singapore's largest money laundering case sold for a combined S$16.28 million (US$12.7 million) at an auction on Wednesday.
Four luxury properties linked to Singapore's largest money laundering case were sold for a combined total of S$12.7 million at auctions in District 9 and Tanjong Pagar, according to local media reports. The properties were among over 80 real estate assets seized during a government investigation, which sought to liquidate seized assets.
The government recovered a total of more than S$1.25 billion in assets, excluding cash. The auction results shed light on the substantial scale of the money laundering operation, which is estimated to be worth S$3 billion.
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