Police seize S$1b in cash, properties, cars, luxury bags in one of largest money laundering probes; 10 foreigners nabbed

SINGAPORE — The police on Tuesday (Aug 15) seized, froze or issued prohibition of disposal orders to almost S$1 billion in cash and assets — including 94 properties, 50 vehicles and 270 pieces of jewellery — and arrested 10 foreign nationals believed to be laundering the proceeds of crimes committed overseas.