The Straits Times Illustrations/Cel Gulapa via REUTERS/File Acquire Licensing Rights Read moreSINGAPORE, Sept 21 (Reuters) - The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday.
Last month, 400 police officers ran simultaneous raids across Singapore and arrested 10 foreigners in an anti-money laundering swoop.
Police have said the 10 suspects were allegedly "laundering the proceeds of their overseas organised crime activities, including scams and online gambling".
During the raids, police seized S$1 billion worth of assets including bank accounts, S$23 million in cash, luxury homes, cars, bags, watches and two gold bars.
The amount was updated to S$1.8 billion in early September as investigations led authorities to assets in Swiss banks.
Persons:
Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming, Wang Baosen, Xinghui Kok, Michael Perry
Organizations:
The Straits, REUTERS, Police, Thomson
Locations:
Singapore, SINGAPORE, Cyprus, Cambodia, Dominica, China, Turkey, Vanuatu