Singapore police, through Interpol, issued arrest warrants for two Chinese nationals involved in the incident. large-scale money laundering incident Channel News Asia reported on Friday that it includes a record number of assets, now totaling more than S$3 billion (US$2.24 billion), including Su Yongkang, 33, and Wang Wang. Huo Qiang, 29, was traveling on a Cambodian passport. He fled the city in mid-August last year before police began investigating the incident.
Ten other foreign nationals, all Chinese but with passports ranging from Cyprus to Caribbean and Pacific Island countries, were arrested in the Aug. 15 raid, according to the report. Several of them were suspected of being involved in gambling activities in the Philippines, a scheme that collected funds from people in China. The illegal gambling proceeds were allegedly laundered in Singapore through the purchase of luxury properties, cars, and even jewellery, liquor, bags and watches.
read Full report: CNA.