Singapore – Singapore’s image as a squeaky-clean business hub is under scrutiny amid a huge money laundering scandal that has so far resulted in 10 arrests and the seizure of assets worth 1.8 billion Singaporean dollars ($1.3bn). Singapore police last month arrested 10 foreign nationals – aged between 31 and 44 – and raided residences, seizing luxury items including Hermes handbags, Patek Philippe watches, aged Macallan whisky, and Bentley and Rolls-Royce cars. The suspects are all originally from Fujian in eastern China but include Cypriot, Turkish, Cambodian and Vanuatuan passport holders. The Singapore Police Force has alleged the seized assets are the ill-gotten gains of organised crim
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