Ten foreign nationals have been arrested in Singapore on suspicion of committing offenses such as forgery and money laundering after about S$1 billion ($735 million) worth of cash and assets were seized in raids across the country.
Eight other people are wanted by the police, the Singapore Police Force said in a statement on Wednesday.
More than 400 officers conducted simultaneous raids in multiple locations on Tuesday.
Two gold bars, more than S$23 million ($17 million) in cash, more than 250 luxury bags and watches, more than 270 jewelry items, more than 120 electronic devices and 11 documents related to virtual assets were seized, according to police.
The force said it froze more than 35 bank accounts with a total estimated balance of more than S$110 million ($81 million) for its investigations and to prevent suspected criminal proceeds being spent.
Also targeted were 94 properties and 50 vehicles, with an estimated total value of more than S$815 million ($599 million), police added.
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Source: CNN
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