[Tee tiong huat]

Singapore us 28 million cryptocurrency withdrawn vang shuiming.....and now.

Kwek,  executive chairman of Hong Leong Group and Singapore-listed real estate conglomerate City Developments Ltd (CDL) Joker...

Vang currently faces five charges - one of using a forged document and four of possessing criminal benefits worth S$2.4 million from unlicensed moneylending in China.

The 42-year-old Turk with multiple passports was arrested on Aug 15 this year, said Mr Teh Yee Liang of the Singapore Police Force’s Commercial Affairs Department (CAD) in his affidavit.

Two days after this, while Vang was remanded, more than US$2.8 million worth of cryptocurrencies was withdrawn from his Binance account.

"Information gathered suggests that the movement of assets was by a person of interest after the accused had been arrested," said Mr Teh.

Vang is linked to three other wanted suspects who are on the run, including his brother.