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NEWS: Singapore police seize money launderer’s assets in Credit Suisse and Julius Baer banks in S$1.8 billion case

SINGAPORE: A court illustration of 10 foreigners accused of involvement in a August 2023 major money laundering operation 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

Police in Singapore investigating a major money laundering operation have seized S$125 million ($91.79 million) from the bank accounts of one of ten foreign suspects accused in the case.

About S$92 million and S$33 million were seized from bank accounts held by Turkish national Vang Shuiming at Credit Suisse Singapore and Bank Julius Baer respectively, according to a police affidavit presented in the high court on Tuesday.

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