The assets of relatives of the "Fujian gang" involved in Singapore's largest money laundering case are slated for confiscation in the UK.
PANews reported on March 14 that, according to Caixin.com, the UK's National Crime Agency (NCA) planned to freeze and seize £6 million (approximately RMB 55 million) in assets held by a 24-year-old woman in two apartments, a parking space, and six bank accounts in London, on the grounds that the assets were suspected of being related to proceeds of crime and that their source could not be explained. On March 13, the UK High Court rejected the woman's application to have the freeze order lifted. According to information disclosed by the court, the 24-year-old woman's uncle was one of the 10 people arrested, convicted, and sentenced in the Singapore "S$3 billion money laundering case," and her father was among the other 17 fugitives involved in the case, and was one of the 15 people whose assets were later handled and surrendered by the Singapore authorities. The court's verdict announced that day did not disclose the names of the woman, her father, or her uncle, but based on information previously released by the Singapore police, only the brothers Wang Shuiming and Wang Shuiting, originally from Anxi County, Fujian Province, China, matched the details disclosed by the UK court. That is, the woman is Wang Shuiting's daughter and Wang Shuiming's niece.
On August 15, 2023, Singapore police launched a simultaneous island-wide raid, arresting 10 foreign nationals and seizing and freezing assets. The case subsequently expanded to approximately S$3 billion (approximately RMB 16.38 billion), becoming the largest money laundering case in the country's history. Because most of the 10 defendants—nine men and one woman—were originally from Anxi, Fujian, the case was also known as the "Fujian gang money laundering case."
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