Billion-dollar money laundering case: 15 of 17 foreigners who fled Singapore agree to surrender S$1.85b of assets

[Spike]

Singapore government is $1.85B richer, and the case is now officially closed! What's wrong in making more money? More CDC vouchers for us!

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_18112024_cna

 

[DulanMax]

Huat ah!!!

 

[Lemonpeach]

Thank you. Thank you. Improve our CDC 2025 vouchers take away.

 

[MaskedRider555]

huat riao lah

 

[SpicyBird]

Singapore government is $1.85B richer, and the case is now officially closed! What's wrong in making more money? More CDC vouchers for us!

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_18112024_cna

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets? Just a question.

 

[GoneNuts]

Wah this washing machine hub is very relax.. I'm sure they got more money stashed else where..

As long as they r free, they can still continue their laundry operations else where.. huat ah

 

[Spike]

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets? Just a question.

Please refer to this article. Save time explaining.

https://www.straitstimes.com/singap...ssets-surrendered-in-3b-money-laundering-case

 

[ctstalin]

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets? Just a question.

Finders keeper, losers weeper

 

[bakuganboy]

Singapore government is $1.85B richer, and the case is now officially closed! What's wrong in making more money? More CDC vouchers for us!

https://www.channelnewsasia.com/sin...=internal_sharetool_androidphone_18112024_cna

agree.
can setup a fund and compensate all those scammed?

 

[savoirex]

their b&w up for auction? 1.85b earned from how many victims?

 

[Whimsica]

Huat ah!

Some more we just chinchinchyehchye jail those guy and dun waste money feeding and rehabilitating them for 10-20 years then deport them.

 

[PaboJames]

Their amount compared to ok lim amount is how different?

 

[newborn1000]

Yeah , more GCB available!!!

 

[Whimsica]

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets? Just a question.

The money are criminal proceeds of money laundering into Singapore.

The criminals are caught and jailed in Singapore for money laundering into Singapore.

As part of the penalties of our laws on money laundering into Singapore, we forfeit the criminal proceeds of money laundering into Singapore.

We did not charge them for scams because they didn't commit scams in Singapore.

We did not jail them or fine them or forfeit their assets for scams.

We don't have jurisdiction anyway.

They laundered money into Singapore.

And the money are criminal proceeds of money laundering into Singapore.

 

[savoirex]

Please refer to this article. Save time explaining.

https://www.straitstimes.com/singap...ssets-surrendered-in-3b-money-laundering-case

wat explanation? no victims even mentioned in the article

 

[pushtopen]

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets?

Just a question.

it just so happens that the medium of the crimes is money

if they cheated cockles or hum and our govt confiscate you will kbkb?

 

[enimen]

Why can't sg gov seized/take over their assets + punish them gao gao?

 

[enimen]

actually who decide that who get to keep the money? originally the money comes from scam victims of all over the countries right? Not just from Singapore, why the Singapore government get to keep the assets? Just a question.

Because allegedly, it's next to impossible to trace back who cheat who and cheat how much. All the money wash clean clean liao.

if all the victims banded together to seek clawback from the SG gov. Will be interesting to see how they respond

 

[BBClone]

It’s a joke how they all managed to “flee”

 

[tExtra]

Umm $3b gahment take. They keep $26.26m. The rest leh?