https://www.todayonline.com/singapo...units-luxury-condo-canninghill-piers-2247976?
Billion-dollar money laundering case: Man financed purchase of 10 units at luxury condo Canninghill Piers
Sina.com, canninghillpier.sg/CNA
Vang Shuiming, a 42-year-old Turkish national, financed 10 condominium units at Canninghill Piers.
Published September 6, 2023
Updated September 6, 2023
SINGAPORE — A man implicated in one of Singapore’s
biggest money laundering probes had financed the purchase of 10 units at luxury condominium Canninghill Piers and another unit at Park Nova, an affidavit by an investigating officer showed.
Turkish national Vang Shuiming is
facing five charges — one of using a forged document and four of possessing criminal benefits worth S$2.4 million from unlicensed moneylending in China.
According to an affidavit from the lead police investigator against Vang, the 11 condominium units are under construction and have been served with prohibition of disposal orders.
The affidavit, which was produced for Tuesday's (Sept 5) court hearing, also showed that in addition to the 11 condominium units, Vang's assets included four properties and three vehicles with an estimated value of S$29 million.
Police investigations showed Vang has assets in Singapore amounting to more than S$200 million