On Aug 15 last year, 10 foreigners suspected to be involved in the money laundering case were arrested in simultaneous raids across Singapore. The raids took place at Good Class Bungalows, condominiums and a landed property.
The suspects were arrested in their residences, in areas such as Sentosa Cove, Tanglin, Orchard, Holland and River Valley.
Since it first emerged in the public eye, the value of assets seized or frozen in relation to the case has snowballed, and is now triple the original S$1 billion worth of luxury cars, houses, cash and other assets that were initially thrown up.
Among the other assets that have been seized are liquor and wine, gold bars and Bearbrick figures.
It is one of the largest anti-money laundering operations not just in Singapore but likely the world, Second Minister for Home Affairs Josephine Teo told parliament in October.
The 10 suspects – who are of Chinese origin but have the nationalities and passports of countries like Cyprus and Cambodia – have since been charged in court with money laundering offences.
They have all been remanded after being denied bail. Some face charges of forgery, while two have also been charged with resisting arrest and perverting the course of justice.