Cash and Non-cash Assets Surrendered In Connection with $3 Billion Money Laundering Case (written answer), 26 February 2025

Written answer of 26 Feb 2025 on assets surrendered in the S$3 billion money-laundering case as of Dec 2024: about $2.79 billion surrendered ($1.54 billion cash or financial assets); 54 properties, 33 vehicles and 11 country club memberships liquidated; about $1.8 million paid into the Consolidated Fund, another $390 million pending in FY2024; police costs over $600,000 in FY2023 to maintain the assets. The case is recorded as an event (several accused held foreign CBI passports; none linked to the GIP); the asset figures concern the criminal case, not an investment-migration programme, so they are not recorded as observations (the existing event quotes the S$2.79bn and S$1.54bn).