Billion-dollar money laundering case: 4 law firms dealt with over conveyancing of properties

[miko66]

We are going to become money laundering country

Just asking only

How big is our washing machine ah ?
Can wash how many kg of laundry ah ?

 

[arcturuz]

should REITS also be subjected to anti-money laundering obligations since we have so many china fnb opening here?

 

[nachtsid.er]

Law firms not mentioned
Banks not mentioned

 

[buzzlightyear852]

all strangers cannot name ....

 

[Jo13jo]

bloomberg leh u think sph meh

But but… they POFMA Bloomberg report wor.

不是….是…..不是…..是…..是…..不是…..

 

[eviljiggle]

Guys, did I miss anything or is there free lunch in this world after all?

First, money comes in to SG to buy property, cars, etc:
i. Collect GST, ABSD, other taxes +$$$
ii. Stimulates the economy for GDP growth

Then, when other govt come & kaopeh about these suspicious transactions:
i. Freeze and confiscate the billions of dollars involved (without refund of any taxes) +$$$
ii. Sentence the money launderers to jail -$
After a few months, extradite them back to their home country
( thus saving further expenses that might be incurred from hosting them in our jail)
iii. Afterwards, fine the banks, lawyers, property companies Millions of dollars each +$$$

 

[misterGomez]

the article as usual is useless as it did not disclose any names of the firms, any names of these lawyers and from where. it is as good never report.

 

[hohohos]

I don’t think it’s those big 4 law firms …maybe small law firms do the conveyancing because it’s resale…normally big law firm they do those big condominium projects

 

[tmkedmw]

54 properties.... wondering how much are the conveyancing fees...

 

[crunsik]

How come the law firm names not shamed?

 

[crunsik]

the article as usual is useless as it did not disclose any names of the firms, any names of these lawyers and from where. it is as good never report.

U wonder why banks names splashed so big. These firms got censored

 

[buttbERry]

wow

4 firms dealt with

 

[blueberrypie]

https://www.mlaw.gov.sg/update-on-e...-the-legal-sector-arising-from-the-2023-case/

names all come out riao

 

[Mecisteus]

wah peanut fines for them.

 

[mata_hippo]

no names is like kaki gong kaki song...


Read HWZ Forum Rules!

 

[tidiii]

to sell a property

banks, cpf, sla, iras and more involved

but the lawyer responsible hehehehe

 

[mirukuboi]

Just name them la

 

[sg-united]

The money laundering case opens up a can of worms.

Many Singapore firms from various industries are involved, and so are many individuals from these industries. Even some of our ministers had dined with the launders prior to the arrest. Billionaires in Singapore also known these launders.

People must understand that before the arrest, the launders were rubbing shoulders with high level people from politics to companies, and so forth. These launders are not men on the street. They are super atas, like Crazy Rich Asia kind of characters.

Many people do not even bother to understand why did someone who is the early 30s to 40s make such a fortune. One of the launders bought 10 units at luxury condominium Canninghill Piers at one go. People only see $$$, that's all. They do not care whether money is clean or not.

 

[marksnow44]

Just asking only

How big is our washing machine ah ?
Can wash how many kg of laundry ah ?

Shan Ge will say: not in Singapore's best interest to tell you the capacity at this point in time!

 

[Roadster01]

For conveyance of such values, very likely these are big name law firms.

only sinkies buying $2-3M properties, and one only, look for cheapest deals.