Serious Mouthpiece Trying To Spin Hokkien Gang As Non Event

[mscitw]

Transmodified from PAP Mouthpiece CNA hxxps://www.channelnewsasia.com/singapore/mha-ministerial-statement-october-billion-dollar-money-laundering-case-parliament-sun-xueling-3778606

PEASANTPORE: Procedural questions will be posed to Imperial Court on Monday (Sep 18) over the recent billion-peanuts money laundering case will be addressed in a Minion's Statement in October.

Minion of Regime for Gestapo Sun Ah-Leng said that many peasants' representatives have filed queries on the anti-peanut laundering operations conducted by Poodles and on Peasantpore's anti-peanut laundering framework.

Her lackeys, caught off guard, together with various other lackeys, will "respond to the queries comprehensively" in a Minion's Statement in October, Minion Sun said.

More than 30 questions were filed by peasants' representatives on one of Peasantpore's biggest peanut laundering probes. Questions submitted include the magnitude of the assets seized despite PAP's purportedly strict anti-peanut laundering measures and what more can be done to protect dirty peanuts of Burmese drug lords or corrupt CCP cadres from Yankee watch dogs.

Ten Chinks with links to the Chink Mafia were arrested in August when the Peasantpore poodles had to do some wayang , were force to raid multiple Good Class Bungalows and condominiums, among other locations, across the island after suspected tip off from Yankees.

About 1 billion in peanuts, including properties, vehicles, luxury goods and gold bars, were seized or frozen.

One of the suspects implicated in the probes was revealed to have financed the purchase of 10 units at luxury condominium Canninghill Piers and another at unit at Park Nova.

The Kangaroo Court has also rejected all applications sought by Mafia Chink Vang Shuimiung's lawyers' to have their Turk based client released on bail.

Mafia lapdog Vang currently faces five charges but everyone knows his main crime is to embarrass Ruler Loong and his well educated and handsomely paid minions with his brash peanut laundering antics and inviting the attention of the Yankees.

 

[k1976]

How has it affected Singapore’s reputation?​

While there have been suggestions that Singapore’s ultra-clean reputation may have taken a hit from the case, observers have also emphasised that it was investigated by authorities of their own volition.

What will determine the republic’s overall standing as a financial hub is the “resolve in enforcement”, said Singapore-based business professor Lawrence Loh.


The case comes as many global high-net-worth individuals, including from Hong Kong and mainland China, have flocked to Singapore to set up family offices during the pandemic and its aftermath.

The city state’s total assets under management stood at S$5.4 trillion in 2021, compared to S$2.7 trillion in 2016, according to the latest available data. That figure is likely to be considerably higher now as hot money inflows have continued unabated in the years since.

On the whole, investors will be watching how Singapore makes resolutions for a better and safer financial locality – it may well turn out to be in the country’s favour if the case is managed well,” said Loh, director of the National University of Singapore’s Centre for Governance and Sustainability.


“It will take more than this money laundering happening for Singapore’s reputation as ‘Switzerland of the East’ to really take a serious hit,” he said, referring to the moniker applied to the city state by pundits given its now-entrenched status as one of Asia’s go-to wealth management hubs.

https://www.google.com.sg/amp/s/amp...ey-laundering-case-what-we-know-so-far?espv=1

 

[laksaboy]

It's just the tip of the iceberg.

You are always closer to the truth if you read such articles produced by the local propagandists and go to the conclusion the opposite of what they intend to lead you towards.

 

[Leongsam]

I see nothing wrong with providing a money laundering service to the world as long as it helps boost the economy and benefits all levels of society.

 

[k1976]

How has it affected Singapore’s reputation?​

While there have been suggestions that Singapore’s ultra-clean reputation may have taken a hit from the case, observers have also emphasised that it was investigated by authorities of their own volition.

What will determine the republic’s overall standing as a financial hub is the “resolve in enforcement”, said Singapore-based business professor Lawrence Loh.


The case comes as many global high-net-worth individuals, including from Hong Kong and mainland China, have flocked to Singapore to set up family offices during the pandemic and its aftermath.

The city state’s total assets under management stood at S$5.4 trillion in 2021, compared to S$2.7 trillion in 2016, according to the latest available data. That figure is likely to be considerably higher now as hot money inflows have continued unabated in the years since.