$100m seized in one white-collar crime case
Published on Aug 13, 2014 7:22 AM
Jewellery seized during a joint raid by Immigration and Checkpoints Authority (ICA) and Singapore Police Force’s Commercial Affairs Department. -- PHOTO: MICA
By Aw Cheng Wei
More than $115 million of allegedly tainted money was seized by the police last year in cases of white-collar crime, as the number of people charged and convicted over laundering offences hit a fresh peak.
Of that total, about $100 million came from one case, a police spokesman told The Straits Times.
Though he declined to provide details, that single haul was almost twice as much as the total amount of $54 million seized in 2010. In 2011 and 2012, a combined total of more than $65 million was seized.
Last year's figure was also the highest since 2009.
