Luxury cars, gold bars & watches from S$3B laundering case could go on sale, public may get to bid
A dazzling array of luxury cars, gold bars, designer bags, and high-end watches from Singapore’s high-profile S$3 billion money laundering case could soon be sold off — and members of the public may have a chance to bid for them.
In Aug 2023, the Singapore Police Force executed one of the country’s most high-profile anti-money laundering raids, detaining ten foreign Chinese nationals on suspicion of laundering proceeds. These proceeds allegedly came from
scams, illegal online gambling, and unlicensed lending.
Patek Philippe & Richards Mille watches, Hermès bags & more
Among the collection are around 14 Patek Philippe and Richard Mille timepieces, multiple Graff jewellery sets, diamond necklaces from French jeweller Chaumet, and jade-and-diamond pieces including bracelets, necklaces, and earrings.
Also in the trove are some 50 designer handbags, mostly Hermès, along with pieces from Louis Vuitton, Chanel, and Dior.
Source: Shin Min Daily News
Source: Shin Min Daily News