Singapore’s Biggest Money Laundering Case Has Jolted Finance Hub

Authorities in Singapore have seized more than S$2.8 billion ($2.1 billion) worth of assets in the city-state’s largest ever money laundering investigation, including gold bars, jewelry, 62 cars and 152 properties. The case, which has seen police carry out raids in some of the wealthiest neighborhoods, has sent shockwaves through a usually orderly nation, and raised new questions about Singapore’s decades-long efforts to attract uber rich foreigners.

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