Deutsche Bank Is Creditor to Alleged Launderers’ Singapore Firm
- Lender says it has zero tolerance for network being misused
- Golden Eagle Assets’ directors allegedly tried to cheat CIMB
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Deutsche Bank AG is a creditor to a Singapore company whose two directors were arrested for their roles in an alleged money laundering and forgery ring.
The bank has a charge that was registered on May 22 against Golden Eagle Assets Pte. The firm’s directors Zhang Ruijin and Lin Baoying, and eight others, were indicted in a Singapore court last week for money laundering and forgery involving assets worth over S$1 billion ($738 million).