DIRS.INFO The most relevant business & tech news

[1/2] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. He faced new charges related to the seizure from him of three properties, more than S$6 million in six bank accounts, cryptocurrencies and a car worth over S$1 million. Their lawyers sought bail but gave no indication of how the suspects would answer the money laundering allegations. Eight more suspects are wanted and 12 are assisting in investigations, police have said. ($1 = 1.3520 Singapore dollars)Reporting by Xinghui Kok; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chen Qingyuan, Su Wenqiang, Xinghui Kok, Martin Petty Organizations: Singapore Police Force, Facebook, REUTERS, Rights, Thomson Locations: Singapore, Cyprus, Cambodia, Dominica, China, Turkey, Vanuatu

☆ Ten foreigners arrested as $735 million in cash and assets seized in Singapore
▼ + stars: | 2023-08-17 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Ten foreign nationals have been arrested in Singapore on suspicion of committing offenses such as forgery and money laundering after about S$1 billion ($735 million) worth of cash and assets were seized in raids across the country. Two gold bars, more than S$23 million ($17 million) in cash, more than 250 luxury bags and watches, more than 270 jewelry items, more than 120 electronic devices and 11 documents related to virtual assets were seized, according to police. Also targeted were 94 properties and 50 vehicles, with an estimated total value of more than S$815 million ($599 million), police added. Prohibition of disposal orders were issued against 50 vehicles and 94 properties -- with an estimated total value of more than S$815 million ($599 million). If found guilty, individuals charged with money laundering could face up to 10 years in prison and/or a fine of up to hundreds of thousands of dollars.

Persons: David Chew, Ho Hern Shin Organizations: CNN, Singapore Police Force, Police, Facebook, Reuters, Cypriot, Commercial Affairs Department, Financial Intelligence, Monetary Authority of Singapore, MAS, Gallup’s Global Locations: Singapore

[1/5] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. The raids on at least nine locations netted assets totalling a staggering S$1 billion, police said. A police statement said the group was suspected to be laundering proceeds from overseas organised crime, including scams and online gambling. Singapore has in recent years seen an influx of foreign money. ($1 = 1.3618 Singapore dollars)Reporting by Xinghui Kok; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Chew, Xinghui Kok, Raju Gopalakrishnan Organizations: Singapore Police Force, Facebook, REUTERS Acquire, Rights, Cypriot, Police, Monetary Authority, Thomson Locations: Singapore, Orchard, Sentosa, tony, China, Cambodia, Cyprus, Vanuatu, Chew

☆ ‘Like something out of Black Mirror’: Police robots go on patrol at Singapore airport
▼ + stars: | 2023-06-18 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

These are the two robots the Singapore Police Force has introduced to patrol Changi Airport following more than five years of trials. The Singapore Police Force said Friday that more robots would be “progressively deployed” across the city-state. The Singapore Police Force has plans to roll out patrol robots island-wide to augment its operations. Ryan Quek/Singapore Police ForceThey are just the latest robots to be employed on civic duties in this tech-savvy nation of more than 5 million people. “ChatCPT… AI music… robots… Soon machines will take over the world and these security robots definitely look like they mean business,” he said.

Persons: ”, Lim Ke Wei, Ryan Quek, Samwell Swant, ” Swant, “ Organizations: CNN, Singapore Police Force, The Singapore Police Force Locations: Vietnam

☆ US SEC charges Terra founder Do Kwon with fraud
▼ + stars: | 2023-02-16 | by ( ) edition.cnn.com time to read: +2 min

Kwon founded blockchain platform Terraform Labs and was the primary developer of two cryptocurrencies whose demise roiled crypto markets around the world last year. The SEC filing did not say where Kwon was living. According to the SEC’s complaint, Terraform Labs and Kwon misled investors about the stability of UST, and claimed that the firm’s crypto tokens would increase in value. Terraform Labs did not immediately respond to a request for comment. Globally, investors in TerraUSD and Luna lost an estimated $42 billion, according to blockchain analytics firm Elliptic.

☆ Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
▼ + stars: | 2022-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Do Kwon, co-founder and chief executive officer of Terraform Labs, insists that he is not on the run from South Korean authorities. Meanwhile, South Korean prosecutors claim that Interpol has issued a "Red Notice" for the arrest of Kwon. On Tuesday, a spokesperson for the Seoul Southern District Prosecutors' Office in South Korea's capital city told CNBC that global law enforcement agency Interpol has issued a "Red Notice" for Kwon. Kwon also said he does not see his name on Interpol's "Red Notice" list. Seoul Southern District Prosecutors' Office sees Kwon as still being on the run, the spokesperson told CNBC.

☆ Wanted crypto developer Do Kwon is not in Singapore, police say
▼ + stars: | 2022-09-17 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Sept 17 (Reuters) - Singapore Police Force said on Saturday the wanted crypto developer Do Kwon, who is accused of fraud by investors following the collapse of his cryptocurrencies Luna and TerraUSD, is currently not in the city-state. Last week, a spokesperson for South Korean prosecutors said arrest warrants had been issued for six people, including Do Kwon, and that they were residing in Singapore. read moreThe arrest order came after months of investigation and amid public outrage in South Korea over the collapse. A statement from the Singapore police late on Saturday also said they would assist the South Korean police within the ambit of its domestic legislation and international obligations. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chen Lin in Singapore; Editing by Alex Richardson and Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ 'Beware of scammers': Singapore warns of crooks trying to take advantage of coronavirus fears
▼ + stars: | 2020-02-14 | by ( Huileng Tan | ) www.cnbc.com time to read: +1 min

Scammers have reportedly been calling people to ask for financial details under the pretext of "contact tracing" — the process of identifying those with close contact with infected patients. Singapore has set up teams working to call people and establish if anyone has had prolonged physical contact with coronavirus patients. As of Thursday noon, Singapore confirmed 58 known cases of the coronavirus strain, recently named the COVID-19. "MOH is conducting contact tracing to identify individuals who had close contact with the confirmed cases of novel coronavirus. Please note that we do not ask for any financial details during our call to you," said the health authority.

Search resuls for: "Singapore Police Force"

8 mentions found