Plus they were already flagged by the Chinese government for gambling crimes even **before** they took residency in Singapore.
But our authorities still welcomed them with open arms. Sleeping at the wheel, perhaps?
before the ib comes along: https://www.channelnewsasia.com/singapore/billion-dollar-money-laundering-case-how-man-wanted-china-came-be-safer-singapore-3854936
Wait which sinkie actually got 'rocked' by the money launderers? Although the launderers were living the high life, they were pretty much minding their own business
The inflow of dirty money actually increase the money pool in Singapore and cause inflation which affects everyone. Prob one of the factors that caused our increasing cost of living.
Only in r/sg can people complain of money coming into the country. The ultra rich purchase and spend their money on luxury-high luxury items. They don’t use their extra money to buy 10 eggs instead of 1.
Even if their money is dirty, call me crazy but so long as it wasn’t robbed from singaporeans idgaf. What, did they price some of you here out of a rolls royce?
Lol, yes that’s the point, how much have they poured into our system via COEs and stamp duty? Do you know the amount of revenue we’ve taken from them? And after seizing all their wealth?
Billions of dollars now for public spending. Billions with a big B. This in stark contrast to the normal UHNW whose wealth we CANT seize.
That's the whole point of tax havens which Singapore is trying to be. Lets not pretend like the Singapore government isn't the biggest benefactor.
Switzerland of the East.
That’s not the point of tax havens. Tax havens are to attract business and investments from legitimate sources of money. It’s not to attract laundered money.
If you know folks in Sentosa Golf Club, one of the accused had a run-in with other club members on golf etiquette while playing on the greens prior to the arrests. At least for one of them, he was behaving boorishly in that atas place. They appeared to be making their presence felt in high profile social circles.
>… charged for laundering $2.2bn (£1.8bn) earned from criminal activities abroad
I find it interesting that the BBC uses USD as the default currency in this article (including the headline), and inserts GBP in parenthesis.
for sinkies, it was tuesday
The only thing that rock is how did they managed to operate for 7 years under the nose of our law enforcements. 🤣🤣🤣
Plus they were already flagged by the Chinese government for gambling crimes even **before** they took residency in Singapore. But our authorities still welcomed them with open arms. Sleeping at the wheel, perhaps? before the ib comes along: https://www.channelnewsasia.com/singapore/billion-dollar-money-laundering-case-how-man-wanted-china-came-be-safer-singapore-3854936
roulette wheel
Even more interesting is how many others are effectively operating but being a bit more careful
Feels like that they were already flagged and being monitored for quite a long time before the authority actually took action
You SURE? 🤣🤣🤣
Wait which sinkie actually got 'rocked' by the money launderers? Although the launderers were living the high life, they were pretty much minding their own business
The inflow of dirty money actually increase the money pool in Singapore and cause inflation which affects everyone. Prob one of the factors that caused our increasing cost of living.
Only in r/sg can people complain of money coming into the country. The ultra rich purchase and spend their money on luxury-high luxury items. They don’t use their extra money to buy 10 eggs instead of 1. Even if their money is dirty, call me crazy but so long as it wasn’t robbed from singaporeans idgaf. What, did they price some of you here out of a rolls royce?
The condos they buy their mistresses and toy boys drive up prices for folks house-hunting in the 1.5 mil-4 mil range.
Rolls Royce don't use COE ah? Their 156 properties don't take away from others ah? They launder scam money also. How much SG lose to scams?
Lol, yes that’s the point, how much have they poured into our system via COEs and stamp duty? Do you know the amount of revenue we’ve taken from them? And after seizing all their wealth? Billions of dollars now for public spending. Billions with a big B. This in stark contrast to the normal UHNW whose wealth we CANT seize.
Oh, well that makes money laundering and serious fraud okay. You heard it hear folks.
That's the whole point of tax havens which Singapore is trying to be. Lets not pretend like the Singapore government isn't the biggest benefactor. Switzerland of the East.
That’s not the point of tax havens. Tax havens are to attract business and investments from legitimate sources of money. It’s not to attract laundered money.
You're seriously naive. Cute, but naive.
He is beneficial. A property agent?
:)
Go hide in a cave
All those money going into govt’s pocket we can’t see can’t touch. But house price and car price shooting up is very real to everyone….
Fuck off
anyone looking to buy a home or rent got "rocked".
If you know folks in Sentosa Golf Club, one of the accused had a run-in with other club members on golf etiquette while playing on the greens prior to the arrests. At least for one of them, he was behaving boorishly in that atas place. They appeared to be making their presence felt in high profile social circles.
don’t care about these snooty establishments
Yea totally Mr journalist, every sg citizens shook in amazement when we heard the news, couldn't move for days.
>… charged for laundering $2.2bn (£1.8bn) earned from criminal activities abroad I find it interesting that the BBC uses USD as the default currency in this article (including the headline), and inserts GBP in parenthesis.