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HomesingaporeS$2.8b money laundering case: Rolls-Royces and Porsche among 4 cars seized from...

S$2.8b money laundering case: Rolls-Royces and Porsche among 4 cars seized from Bukit Timah bungalow

SINGAPORE: Police seized four cars, including two Rolls-Royces and a Porsche, worth about S$4.8 million (US$3.5 million) from a Third Avenue bungalow in Bukit Timah on Wednesday (Oct 25).

The four cars are part of the S$2.8 billion worth of assets in the huge money laundering probe that emerged in August

The police also seized 56 Bearbricks from another location on Wednesday.

Ten foreign suspects were arrested in August, with the accused returning to court for multiple bail reviews and further mentions. 

One of the accused, Su Jianfeng, 35, was arrested on Aug 15 at the same Good Class Bungalow (GCB) along Third Avenue where the cars were parked. His wife is also a witness in investigations.

At about 2.25pm on Wednesday, two tow trucks arrived along Third Avenue and were met by police officers at the GCB.

There were four cars in the driveway of the property – two Rolls-Royces, a Porsche and a Toyota Alphard. The first Rolls-Royce, a black Cullinan, was loaded onto the truck, and it left for a police compound after about 10 minutes of checks. 

Two more tow trucks arrived at 2.40pm, and the red Rolls-Royce Dawn was loaded onto the first one, while the other truck remained outside.

The white seven-seater Toyota Alphard was attached to another truck, and the bright red Porsche 911 Targa was the last to go at about 3pm.

According to SGcarmart listings, the total cost of the four cars was about S$4.8 million.

CHARGES

Su faces four charges of possessing proceeds from illegal remote gambling offences, comprising S$17 million stored in three safe deposit boxes and S$550,903 in cash. 

Properties in Su or his wife’s name that were seized or frozen include: Cash of S$18.4 million, bank accounts containing S$66.1 million, cryptocurrency amounting to S$26.5 million, 13 properties worth S$115.3 million and four vehicles worth S$4.7 million.

Su may face additional forgery charges for allegedly submitting forged documents to banks to hide the source of funds received in his accounts. 

This was revealed last Wednesday in an affidavit by the investigating officer tendered to the court in support of the prosecution’s objection to bail for Su. He was denied bail on the same day. 

Related:

Billion-dollar money laundering case: Accused with Singapore properties worth S$115m may face forgery charges
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