SG Talk

"Wang Dehai was already on the run when he made Singapore his home five years ago. Police in China were offering a bounty for information about him for his alleged role in an illegal gambling ring.

Once in Singapore, Wang and his wife set up a family office and he got an employment pass, giving him the right to stay in the city-state.


They banked with Credit Suisse and the couple got passports from the tax haven of Cyprus. Wang, 34, splurged on a S$23mil condominium in the prime Orchard area and held about US$2.8mil in cryptocurrency.

Wang’s idyllic world came crashing down in August when he was among 10 people of Chinese origin arrested and charged in the biggest money-laundering case the nation has ever seen."

Authorities have seized more than S$2.8bil (RM9.8bil) in assets including gold bars, jewellery, 62 cars and 152 properties. The tally may rise, with many suspects still on the loose.

The seizures have sent shockwaves through the orderly nation, prompting a review of the policies that were exploited to allow so much money to allegedly be laundered for so long at some of the world’s biggest banks.

The police raids across the posh neighbourhoods also highlight how Singapore is paying the price for its open borders just as some wealthy Chinese with suspected tainted funds are looking for places to park their money.

(13-12-2023, 11:58 AM)Scythian Wrote: [ -> ]"Wang Dehai was already on the run when he made Singapore his home five years ago. Police in China were offering a bounty for information about him for his alleged role in an illegal gambling ring.

Once in Singapore, Wang and his wife set up a family office and he got an employment pass, giving him the right to stay in the city-state.


They banked with Credit Suisse and the couple got passports from the tax haven of Cyprus. Wang, 34, splurged on a S$23mil condominium in the prime Orchard area and held about US$2.8mil in cryptocurrency.

Wang’s idyllic world came crashing down in August when he was among 10 people of Chinese origin arrested and charged in the biggest money-laundering case the nation has ever seen."

The real estate agent who matched him up with the seller of the condo already huat liao.

(13-12-2023, 12:02 PM)Scythian Wrote: [ -> ]Authorities have seized more than S$2.8bil (RM9.8bil) in assets including gold bars, jewellery, 62 cars and 152 properties. The tally may rise, with many suspects still on the loose.

The seizures have sent shockwaves through the orderly nation, prompting a review of the policies that were exploited to allow so much money to allegedly be laundered for so long at some of the world’s biggest banks.

The police raids across the posh neighbourhoods also highlight how Singapore is paying the price for its open borders just as some wealthy Chinese with suspected tainted funds are looking for places to park their money.

Quote your sauce lar CCB. Don't post as if you wrote the above. 

(13-12-2023, 12:02 PM)Scythian Wrote: [ -> ]The police raids across the posh neighbourhoods also highlight how Singapore is paying the price for its open borders just as some wealthy Chinese with suspected tainted funds are looking for places to park their money.

The SG authorities had their "eyes wide shut" to money laundering when these PRCs entered waving their open cheque books.

(13-12-2023, 12:02 PM)Scythian Wrote: [ -> ]The seizures have sent shockwaves through the orderly nation, prompting a review of the policies that were exploited to allow so much money to allegedly be laundered for so long at some of the world’s biggest banks.

What shock waves?  The Americans identified SG as a money laundering centre more than a decade ago.

Many years back, if I am not wrong, some other countries leaders did give heads up that fugitives with ill-gotten money hv settled money laundering in our country. They even said Singapore is an easy money laundering base. Sad to say, our country said there wasn’t any.

(13-12-2023, 12:06 PM)Oyk Wrote: [ -> ]Quote your sauce lar CCB. Don't post as if you wrote the above. 

(13-12-2023, 02:39 PM)EvertonDiehard Wrote: [ -> ]What shock waves?  The Americans identified SG as a money laundering centre more than a decade ago.

Knnbccb! Oyk wants to know so quote your fuccking sauce educated gentleman, knnbccb!

(13-12-2023, 04:54 PM)starbugstk Wrote: [ -> ]Knnbccb! Oyk wants to know so quote your fuccking sauce educated gentleman, knnbccb!

Oyk is only educating some members teaching them that if they cut and paste articles without quoting the sauce, that's plagiarism.

(13-12-2023, 02:53 PM)Gemstar Wrote: [ -> ]Many years back, if I am not wrong, some other countries leaders did give heads up that fugitives with ill-gotten money hv settled money laundering in our country. They even said Singapore is an easy money laundering base. Sad to say, our country said there wasn’t any.

Many years ago, there wasn't any. That's true. The arrival of Chinese with dirty money is a relatively recent thing.

.
How to proof that it's premeditated?

(13-12-2023, 08:23 PM)Oyk Wrote: [ -> ]

..
Dog eat Dog