$3 billion money laundering case: $1.85 billion in assets surrendered by 15 suspects who fled Singapore

In Singapore’s $3 billion money laundering case, 15 of 17 foreigners who fled the country have agreed to hand over assets worth $1.85 billion. These assets that the 15 agreed to hand over represent 98.6% of their seized and prohibited assets to the state. In August last year, Singapore police carried out a large-scale operation against a group of foreigners suspected of laundering illicit proceeds from foreign crime activities. Ten foreigners were sentenced to prison terms of between 13 and 17 months for money laundering and other crimes. Aslam Shah reports.