Early on the morning of August 15, 2023, more than 400 Singaporean police officers raided scores of luxury properties in the city-state’s most exclusive neighbourhoods.
The operation followed a tip-off that several foreign nationals had been laundering huge amounts of money. Police seized 94 properties and 50 vehicles, along with cash, luxury handbags, jewellery, two gold bars and cryptocurrencies with a total value of 3 billion Singapore dollars ($3.6 billion).
