Singapore details raid that helped crack S$3 billion laundering case
What's new: New accounts traced how more than 400 officers arrested 10 suspects and later linked 27 foreigners to seized or frozen assets.
Fresh reporting in Singapore has revealed new details of the August 2023 police operation that broke open the city-state’s biggest money laundering case. Investigators raided luxury homes across Singapore and arrested 10 suspects, including Wang Shuiming, also known as Vang Shuiming, at a rented Bishopsgate bungalow in Tanglin. Authorities later tied 27 foreign nationals to about S$3 billion in illicit funds and assets. Wang, identified as a key member of the Cambodia-based Heng Bo Bao Wang gambling syndicate, had roughly S$199 million in assets linked to him, his wife and their companies. Seized items included cash, passports, luxury watches, designer bags, whisky and a crystal grand piano. Ten suspects were later sentenced and deported, while 17 others fled or stayed away.