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7 photos show the massive hoards of cash, Bentleys, luxury watches, and BE@RBRICK collectibles suspected money-launderers and forgers squirreled away in Singapore
7 photos show the massive hoards of cash, Bentleys, luxury watches, and BE@RBRICK collectibles suspected money-launderers and forgers squirreled away in Singapore
Matthew LohAug 17, 2023, 10:41 IST
Authorities seized around $700 million in assets and cash.Singapore Police Force
Singapore said on Wednesday that it arrested 10 people suspected of money-laundering.
Its raids on more than 90 properties found hundreds of bags, watches, and pieces of jewelry.
Singapore on Tuesday arrested 10 people suspected of money-laundering or forgery, seizing more than $700 million worth of assets from their houses.
Local authorities sent more than 400 officers to raid 94 bungalows and condominium apartments in the city-state.
There, they found vast collections of jewelry, luxury bags, watches, cars, wine, and even expensive BE@RBRICK models.
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Officers found around $16.9 million stashed in suitcases, vaults, and cupboards.
Singapore Police Force
Police also seized some 250 luxury bags and watches, and 270 pieces of jewelry.
Singapore Police Force
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Another of those arrested, a 35-year-old man with a passport from the Melanesian island of Vanuatu, was found with 69 luxury bags and watches in his house.
A collection of watches found at various houses raided by Singapore police.Singapore Police Force
Officers also found entire garages filled with MPVs and luxury sedans from brands like Rolls Royce and Bentley.
Singapore Police Force
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At least two men who were arrested maintained extensive collections of wines and alcohol.
Singapore Police Force
Among the assets seized was a massive BE@RBRICK collection.
Singapore Police Force
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Those arrested face charges of money laundering or forgery for the purpose of cheating, the local police said.