Money laundering case: Singapore authorities may lift sale ban on seized properties



The Singapore Police Force has said that it may lift orders barring the sale of shophouses linked to the money laundering probe, if the sale is conducted fairly. The suspects had earlier used those properties as collateral to secure loans from DBS Bank. At least 10 of the shophouses were listed on the market since December last year.

DBS hopes to sell the properties to recover its money.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service for must-read stories:
Telegram – https://cna.asia/telegram
WhatsApp – https://cna.asia/whatsapp

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia
TikTok: https://www.tiktok.com/@channelnewsasia

source

Corruption Buzz

Share
Published by
Corruption Buzz

Recent Posts

Former college basketball player Kerr Kriisa accused of fraud in $2.2M scheme – Audacy

Former college basketball player Kerr Kriisa accused of fraud in $2.2M scheme  Audacy Source link

3 hours ago

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4556429/hegseth-presents-mexican-border-defense-medal-to-service-members/" on this server. Reference #18.89c1c917.1785186825.32f8f5a https://errors.edgesuite.net/18.89c1c917.1785186825.32f8f5a…

10 hours ago

Can young people help in the fight against corruption? – The World Economic Forum

Can young people help in the fight against corruption?  The World Economic Forum Source link

13 hours ago

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4556248/soldiers-college-football-players-forge-teamwork-in-hawaii/" on this server. Reference #18.6601d817.1785175850.4a58a27a https://errors.edgesuite.net/18.6601d817.1785175850.4a58a27a…

13 hours ago

U.S. Virgin Islands' housing authority accused of corruption as federal funding is suspended – PBS

U.S. Virgin Islands' housing authority accused of corruption as federal funding is suspended  PBS Source link

13 hours ago

Whistleblower 'sparked $16BILLION fraud investigation into Los Angeles Lakers and Dodgers owner' as his sprawling sports empire is at risk of collapse – Daily Mail

Whistleblower 'sparked $16BILLION fraud investigation into Los Angeles Lakers and Dodgers owner' as his sprawling…

13 hours ago