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Bungalows, cars seized in Singapore’s billion-dollar swoop on money laundering

A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. Singapore Police Force via Facebook/Handout via REUTERS

By Chen Lin

Singapore police have arrested 10 foreigners for alleged money laundering and forgery offences, in a case involving about S$1 billion ($737 million) of cash, properties, luxury cars and other assets.

The police conducted simultaneous raids on Tuesday across the city-state to arrest the suspects, their statement said on Wednesday. 

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