
Chinese warship and coast guard vessels collide in South China Sea
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Telegraph
28 minutes ago
- Telegraph
Gold bars and designer handbags up for auction after £1.7bn laundering gang jailed
A haul of gold bars, Hermes handbags, designer watches and jade necklaces seized in Singapore's biggest money laundering case is to be sold at auction. Ten members of a Chinese crime syndicate that had set up a remote gambling ring in the Philippines involving goods worth £1.7 billion were arrested in simultaneous raids across Singapore in August 2023. Two of the suspects jumped off the second-floor balcony of a house trying to flee arrest. The team of 400 officers impounded a fleet of high-end cars and seized 152 properties in expensive neighbourhoods. In total, around £577,435,000 of assets belonging to the gang were seized. The nine men, and one woman, all from Fujian province on the east coast of China, were sentenced in June last year to between 13 months and 17 months imprisonment for money laundering and related offences. Police announced on Tuesday that 466 items, including 50 branded handbags from Louis Vuitton, Hermes, Dior and Chanel, 58 gold bars, and 14 designer watches were to be handed over to the international consulting company Deloitte. Deloitte is intending to sell the items over auction and the proceeds, along with the forfeited cash, will go into Singapore's consolidated fund, the equivalent of a bank account held by the government, police said. Each gold bar weighs 1kg and is worth approximately £80,000. The gang's operation began to fall apart after its ringleader Su Jianfeng, a 36-year-old Vanuatu national, aroused suspicions from his bank about the source of his income when he deposited huge sums of money into his accounts. Jianfeng and his wife, Chen Qiuyan, had built a sprawling empire of companies and a fortune estimated at £107,000,000. A fraud investigation revealed that Jianfeng had submitted false documents to his bank to try and verify his income. Investigators uncovered how Su Jianfeng was involved in an unlawful remote gambling business overseas, in which he ran and promoted gambling websites. He was arrested in the raids with his co-conspirators and charged with four counts of money laundering offences, eight counts of fraudulently using a forged document, one count of employing a foreigner without a valid work pass and one count of abetment of making a false declaration in an application for a work pass. In a search of his home, police found £320,000 in cash locked in a safe. He was sentenced to 17 months imprisonment. Many of the gang members had multiple passports from Cambodia, Vanuatu, Cyprus and Dominica. All the gang members were deported from Singapore. Su Haijin, a Cypriot national, was even photographed at dinners with Singaporean ministers and a ruling party lawmaker. Two former bankers from Citibank and Swiss private bank, Julius Baer, were accused of helping the gang members illegally apply for loans with forged documents. A further 17 suspects are wanted in connection with the case and are on the run. David Chew, director of the commercial affairs department, the police investigating arm for white collar crime, said: 'To protect Singapore's financial system, the police will spare no effort to detect abuse, arrest the criminals and deprive them of their ill-gotten gains. In Singapore, these criminals will not find safe harbour for themselves or their wealth.'


BBC News
2 hours ago
- BBC News
Man dies after two-vehicle collision in Exeter
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The Guardian
3 hours ago
- The Guardian
Chinese warship crashes into own coastguard vessel while chasing Philippine boat in South China Sea
The Philippines has released dramatic footage of a Chinese warship colliding with a vessel from its own coastguard while chasing a Philippine patrol boat in the South China Sea. The incident occurred near the contested Scarborough Shoal on Monday as the Philippine Coast Guard (PCG) escorted vessels distributing aid to fishers in the area, Philippine authorities said. 'Their [the Chinese vessels'] actions not only posed a grave danger to Philippine personnel and vessels, but also resulted in the unfortunate collision between the two Chinese vessels,' the Philippine foreign ministry said on Tuesday, accusing the Chinese crew of 'dangerous manoeuvres and unlawful interference' in the resupply mission. Video released by Manila showed a Chinese coastguard ship and a much larger vessel bearing the number 164 on its hull colliding with a loud crash in the wake of the Philippine vessel. Additional footage and photos released later by the PCG showed the stricken Chinese vessel still afloat but with its entire bow crumpled inward. The PCG spokesperson Commodore Jay Tarriela said in a statement: 'The [Chinese coastguard vessel] CCG 3104, which was chasing the [PCG vessel] BRP Suluan at high speed, performed a risky manoeuvre from the [Philippine] vessel's starboard quarter, leading to the impact with the PLA [People's Liberation Army] navy warship. 'This resulted in substantial damage to the CCG vessel's forecastle, rendering it unseaworthy.' Earlier in the confrontation, the BRP Suluan was 'targeted with a water cannon' by the Chinese but 'successfully' evaded it, Tarriela's statement said. At a later press briefing, Tarriela said crew members onboard the smaller Chinese vessel had been visible in its front section shortly before the collision. 'We're not sure whether they were able to rescue those personnel who were in front prior to the collision. But we are hoping that these personnel are in good condition,' he told reporters. Tarriela said the Chinese crew did not respond to the Philippine ship's offer of assistance. Gan Yu, a Chinese coastguard spokesperson, confirmed that a confrontation had taken place, without mentioning the collision. 'The China coastguard took necessary measures in accordance with the law, including monitoring, pressing from the outside, blocking and controlling the Philippine vessels to drive them away,' he said in a statement. China has neither confirmed or denied the incident, only saying that it 'lawfully' took measures to drive away Philippine vessels that had 'forcibly intruded' into its waters. 'The China coastguard will continue to carry out rights-protection law enforcement activities in the waters of Huangyan Dao in accordance with the law, and will resolutely safeguard China's national territorial sovereignty and maritime rights and interests,' said the coastguard spokesperson Gan Yu, using China's name for the shoal. Monday's incident is the latest in a series of confrontations between China and the Philippines in the South China Sea, which Beijing claims almost entirely despite an international ruling that the assertion has no legal basis. More than 60% of global maritime trade passes through the disputed waterway. Speaking at a news conference, the Philippine president, Ferdinand Marcos Jr, said the country's patrol vessels would 'continue to be present' in the area to defend, as well as exercise Manila's sovereign rights over, what it considers to be part of its territory. The Scarborough Shoal – a triangular chain of reefs and rocks – has been a flashpoint between the countries since China seized it from the Philippines in 2012. Marcos has also warned that the Philippines risks confrontation with China over another issue – Taiwan, which China's rulers are preparing to annex as territory. With US backing of Taiwan, any attempt threatens to spiral into a broader conflict, and on a recent trip to India, Marcos said 'there is no way that the Philippines can stay out of it'. The Philippines lies on the other side of a crucial sea passage past Taiwan – the Bashi channel – and there are more than 100,000 Philippine nationals living in Taiwan who would need to be evacuated in the event of a conflict. On Monday, Beijing accused Marcos of 'playing with fire' with his comments, drawing a rebuke from the president that they had misinterpreted his comments 'for propaganda purposes'. 'War over Taiwan will drag the Philippines kicking and screaming into the conflict. That is what I was trying to say,' Marcos said. With Agence France-Presse