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Singapore says assets seized in money laundering case now at $2 billion

4 Comments
By Xinghui Kok

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A whole article that basically says "Singapore has discovered some money laundering." No who, no why, no where, no how.

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Will there be executions for those guilty of these mega crimes in a corrupt, venal state that hangs for 500 grams of weed?

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A whole article that basically says "Singapore has discovered some money laundering." No who, no why, no where, no how.

Sigh. This is not the first article on the matter. It has been in the news for weeks. It's a big deal because Singapore has this reputation for clean non-corrupt banking. It is believed that clean reputation allowed the crooks to transfer large sums from Singapore banks without the receiving parties doing due diligence because everyone assumed that if a Singapore based bank was sending the money it had to be legit.

This article shows that as investigators peel the onion back they are finding more illegal assets.

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My apologies, Desert Tortoise, for not keeping up with Singapore finance and causing you to sigh in exasperation but you don't enlighten me either as to the whos, wheres etc. Quite often articles about such esoteric things include at least a paragraph as context. This does not.

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