Singapore to Auction Assets Seized in $2.4 Billion Money Laundering Probe
Singaporean authorities will auction off luxury vehicles, real estate, and other assets forfeited during a major $2.4 billion money laundering investigation. The sales are scheduled to begin in September as part of the government’s asset recovery efforts.
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Singapore to auction luxury goods, properties from US$2.4 billion money laundering case
More than 1,000 luxury items and 80 real estate properties forfeited in Singapore’s S$3 billion (US$2.4 billion) money laundering case would go under the hammer from September 7, audit firm Deloitte said on Saturday. The properties will be auctioned by SRI, Edmund Tie & Company and Knight Frank, while auction house Hotlotz will handle the luxury goods, comprising jewellery, watches and handbags. Some selected properties will also be offered for sale through an expression of interest process r...
By CNA
Read full article →S$3b money laundering case: Forfeited luxury goods, properties to go on auction from September
The properties will be auctioned off by real estate firms SRI, Edmund Tie and Knight Frank, while auction house Hotlotz handles the luxury goods.
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