6 Singapore Family Offices Allegedly Involved in Biggest Money Laundering Case
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On Tuesday (2/7/2024), Singaporean Parliamentary Candidate Usha Chandradas asked Prime Minister Lawrence Wong about the number of  family offices connected to ten money launderers. Representing Lawrence Wong, Deputy Prime Minister Gan Kim Yong said there were a total of six family offices , including those owned by ten convicts or their spouses.

Gan Kim Yong said that the tax benefits provided by MAS were immediately withdrawn at the beginning of the fiscal year when the family office owner was charged and convicted. "Tax benefits provided before that will not be withdrawn, unless there is a violation of the provisions for providing tax incentives at that time," said Gan Yong Kim.

https://www.kompas.com/tren/read/2024/07...g-terbesar
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