Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to 2.4 billion Singapore dollars ($1.75 billion).
The police had launched further operations related to a group of foreign nationals suspected to be involved in laundering the proceeds of their organized criminal activities, including scams and online gambling, police said in a statement on Wednesday.
The case has cast a shadow on Singapore's status as a financial hub known for its low crime and clean image. Police also seized 68 gold bars, 294 luxury bags, 164 luxury watches, 546 pieces of jewelry, 204 electronic devices and cryptocurrencies worth more than SG$38 million . The statement said that prohibition of disposal orders were been issued against more than 110 properties and 62 vehicles with a total estimated value of more than SG$1.24 billion , as well as bottles of liquor, wine and multiple ornaments.