3 days ago
Singapore to Sell Hermes Bags and Gold Bars Seized From Launderers
Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country's biggest laundering case.
The local unit of consulting firm Deloitte has been appointed to manage the process of selling the non-cash assets, according to a statement on Tuesday by the police, who added they handed over more than 460 pieces of luxury goods and 58 pieces of gold bars to the firm this week. The items are among a broader haul of assets, including upscale real estate, cars and cash, seized in connection with the S$3 billion ($2.3 billion) scandal that broke two years ago.
