[Bluebull]

GCBs are not under the jurisdiction of DL
They are under Shame ministry’s watch
And every true blue Singaporean knows that foreigners are not allowed to buy GCBs
Yet here we have theses PRCs buying GCBs for fun
Of course Snakemugam can say they bought them under some other Singkie names
But then, you are in charge of Home Ministry for what?
What happen to your intelligence department ?

And please don’t give me this crap, they copy cat you to just rent the place
No body buy GCBs to rent out
And if the GCBs is proven for criminal activities use, they can be confiscated

[victortan]

They not only sleep. They dream dream. Hope they wake up to see reality.

[RichDad]

It is more of MAS negligence, not tracking money laundering properly.

Thambi chairman of MAS. Can he be president?

[Migrant]

This is smart move. 
Why catch ikan bills? 
Let them grow fat fat  untill  time to round up.
Now, catch them with alot of meat

[Bluebull]

This is smart move. 
Why catch ikan bills? 
Let them grow fat fat  untill  time to round up.
Now, catch them with alot of meat

But 8 escaped!
And the big bosses are not in the picture!
All these 10 caught, 33-42 yo are too young to be mafia bosses

[Truebluesg]

Shameless dog is now sleeping dog
did any of the fujian gang rent BnW bungalows? no ? maybe too cheap lah

[RiseofAsia]

Becoming hot bed for $$$ laundering…
What’s next?
Nobody needs to Hara Kiri?
Such a huge amount this round…

[Tangsen]

Nope they know for a long time ... just fatten the fish before the slaughter .... suddenly the country have a 1+ billions of revenue .... HUAT HAR
I says .... more of these please

[Sticw]

For individuals, the offence of rash money laundering is punishable with a maximum fine of S$250,000 or imprisonment of up to five years or both, while the offence of negligent money laundering is punishable with a maximum fine of S$150,000 or imprisonment of up to three years or both.

This is loose change for the 10 accused... I think they one month expenditure many times that of the maximum fine. Lol

[Tangsen]

When the properties kenna auction off .... ABSD & stamp duties again  .... HUAT HAR

[Tangsen]

For individuals, the offence of rash money laundering is punishable with a maximum fine of S$250,000 or imprisonment of up to five years or both, while the offence of negligent money laundering is punishable with a maximum fine of S$150,000 or imprisonment of up to three years or both.

This is loose change for the 10 accused... I think they one month expenditure many times that of the maximum fine. Lol

The killer is all asset and cash .... confiscated ..... HUAT HAR

[Sticw]

The killer is all asset and cash .... confiscated ..... HUAT HAR

Don't think it bothers them. As long as they can pay fine and leave, they will find ways to make even more in other countries.

[Tangsen]

Don't think it bothers them. As long as they can pay fine and leave, they will find ways to make even more in other countries.

Not so simple lah .... the launderer are working for someone, I suspect some are Cambodian generals ..... I think they rather stay in Resort De Changi ..... safer for them

[Sticw]

Not so simple lah .... the launderer are working for someone, I suspect some are Cambodian generals ..... I think they rather stay in Resort De Changi ..... safer for them

They unlikely to be just runners. More likely they are the 2nd generation kin to corrupted officials in China. My guess is after 94 properties and 50 luxury cars, no way govt will not have sight on them and their activities. Rolls-Royce not everyone can buy and the character check would already raise eyebrows. More likely WY came over with a namelist and ask Vivian if anything is to be done. That's why within 1 week all activated island wide 400 personals.

[Sticw]

All thanks to the Ridout thingy... Cos everyone went to search on the prime GCB rental... Then more pointed to rich PRC renting... Then paper cannot contain fire lor... Lol

[Tangsen]

They unlikely to be just runners. More likely they are the 2nd generation kin to corrupted officials in China. My guess is after 94 properties and 50 luxury cars, no way govt will not have sight on them and their activities. Rolls-Royce not everyone can buy and the character check would already raise eyebrows. More likely WY came over with a namelist and ask Vivian if anything is to be done. That's why within 1 week all activated island wide 400 personals.

I believe SG knows all about them ... they sticking out like a sore thumb. Wang Yi just come as give blessing .... go ahead

[Bluebull]

For individuals, the offence of rash money laundering is punishable with a maximum fine of S$250,000 or imprisonment of up to five years or both, while the offence of negligent money laundering is punishable with a maximum fine of S$150,000 or imprisonment of up to three years or both.

This is loose change for the 10 accused... I think they one month expenditure many times that of the maximum fine. Lol

Really? $250,000 only
Might as well don’t fine, very malu
No wonder this place is flooded with so many scammers 
Our PAPIGS only know how to punish and fine our poor citizens 
Imagine, forgetting to return a plate and spoon, after finishing a $3.00 chap chye pung
Will result in a poor retiree uncle having to pay a $300 fine

[moonrab]

On the contrary. This case shine lights on Singapore Due Diligence in fighting Money Laundering Financing Terrorism. MLFT.

Breaking the past infamous image of Singapore as the International Money Laundering financial hub.

[Truebluesg]

But 8 escaped!
And the big bosses are not in the picture!
All these 10 caught, 33-42 yo are too young to be mafia bosses

Wayang only lah. Catch one when they know got at least a hundred other gangs ( big and small)  out there
So many chinamen launder their money in stinkapore , so many people helping them
So freaking obvious, the cina brand spas like handynasty, china spa , TAM etc, plenty of local ah bengs lending their identity to help them.So many years
authorities cannot be blind lah. Just pretend cannot see

[Sline]

Check those multiple purchase properties from developers. ill gotten money may be involved.

[Bluebull]

Actually before Tuesday arrests a lot of netizens have be flagging red flags of PRCs buying properties by the dozens
Buying properties by the whole floors
Buying properties in cash without taking loans
Buying properties without viewing
Buying properties without asking for discounts
And that was twenty years ago!
And now then, Shame act!
Some more, asked the press, media corpse to follow them
Like macham shooting a movie

No shame

[Pass-by]

So now all these fortune go to the government coffer and PAP getting richer, cannot share with peasant citizens? They will happily increase their salaries again maintaining the status of highest paid politicians?

[A2Z]

Govt knew this is ongoing choose to close eyes. Mah bor tan declared foreigners not pushing property prices. He has to eat his shoes. Time to get one notch less from rating agencies.

[Migrant]

Property agents will miss them.

[Truebluesg]

https://www.facebook.com/kjeyaretnamRP/
Kenneth Jeyaretnam
3 h ·
Shortly after Chinese foreign minister Wang Yi’s visit to Singapore a large number of PRC Chinese Nationals were arrested for Money Laundering. The timing cannot be coincidental. As usual it takes foreign pressure before we crack down on these activities. Just as it took proof from German courts about F1’s Ecclestone paying bribes and a U.K. HMRC investigation into his tax issues involving a Singapore bank, for the bank to be overhauled and three other Singapore financial institutions with it. Not forgetting a subsequent CPIB probe into Iswaran and Ong Beng Sen. If the PAP regime is only able to discover money laundering and other criminal activity in our banks after outside and foreign pressure what does that say about us? If we provide a warm welcome to very dirty businesses like F1 and Casinos then we can’t expect to escape without a stain on our “squeaky clean” reputation.
Meanwhile the money laundering activity pushes up asset prices and makes property unaffordable for Singaporeans and of course car ownership as well. Of course the Rajah’s of Ridout have locked in their rent prices for 9 years so they’re sitting pretty.

[Truebluesg]

Govt knew this is ongoing choose to close eyes. Mah bor tan declared foreigners not pushing property prices. He has to eat his shoes. Time to get one notch less from rating agencies.

https://www.straitstimes.com/opinion/why...llionaires
With the 100s of billionaires and hoards of multimillionaires flee-ing into Singapore from China.
How is it possible this "fujian gang" is an isolated case?

[Gstalk]

Ah Shame has been sleeping all the time. Being paid so much for sleeping.

Very good lah

[Ola]

Another thread about Vancouver already sets the tone

Vancouver property prices has been rocketing too

for the same reasons and the Govt took action swiftly

But ours?

[Gemstar]

For individuals, the offence of rash money laundering is punishable with a maximum fine of S$250,000 or imprisonment of up to five years or both, while the offence of negligent money laundering is punishable with a maximum fine of S$150,000 or imprisonment of up to three years or both.

This is loose change for the 10 accused... I think they one month expenditure many times that of the maximum fine. Lol

This is too cheap for the money launderers.  Laws shd be changed to punish the launderers with a more heavier sentence.

[Wy:Nox]

This is smart move. 
Why catch ikan bills? 
Let them grow fat fat  untill  time to round up.
Now, catch them with alot of meat

Time for the property market to re- adjust itself and maybe we can see a drop in price.