Overview

• Police formally appointed Deloitte & Touche Financial Advisory Services on August 12 to manage and realise remaining non-cash assets from the money-laundering operation.
• Between August 11 and 12, officers transferred 466 luxury goods and 58 one-kilogram gold bars to Deloitte for inspection and storage.
• Seized items include about 50 designer handbags and at least 14 high-end watches from brands such as Louis Vuitton, Hermes, Patek Philippe and Richard Mille.
• Deloitte will submit auction and direct-sale proposals for the assets, with proceeds entering the Consolidated Fund once approved.
• Earlier enforcement actions surrendered roughly S$2.79 billion by December 2024, and authorities continue cross-border efforts to recover assets and locate about 17 suspects believed to be overseas.