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Assets seized in Singapore’s money laundering case swell to S$2.4 billion

A court illustration of the 10 foreigners accused of involvement in the massive money laundering scandal in Singapore (clockwise from top left) Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming and Wang Baosen. The Straits Times Illustrations/Cel Gulapa via REUTERS/File photo

By Xinghui Kok

The total value of assets seized in Singapore’s biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday.

The assets now include cash amounting to more than S$76 million, 68 gold bars, cryptocurrencies of more than S$38 million, more than 110 properties and 62 vehicles worth more than S$1.2 million.

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