Singapore’s biggest money-laundering case has links to Chinese gamblers

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Singapore’s biggest money-laundering case has links to Chinese gamblers
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It also sheds light on how Asia’s transnational crime gangs operate

When police showed up at Su Haijin’s lavish apartment in Singapore one early morning in August, he leapt from his second-floor balcony. The ethnic-Chinese businessman was found hiding in a drain with broken legs. The police meanwhile arrested nine other suspects in what Singapore has described as one of the world’s biggest money-laundering cases. It has since seized or frozen more than $2bn in luxury properties, cars, gold bars and cash.

Yet even many legal poGOs, providing tax revenues to the Duterte government, were being used as a cover for other crimes, especially online scams. This is because some legal online gambling firms that target Chinese gamblers are run by criminal gangs. And as these gangs have developed their online operations they have often discovered new avenues for criminality.

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