Overview
- Police carried out an Oct 30 enforcement targeting Chen Zhi and associates for suspected money laundering and forgery.
- Orders covered six properties along with bank and securities accounts, cash, a yacht, 11 cars and multiple bottles of liquor.
- Authorities said Chen and his known associates are outside Singapore, and investigations continue with overseas partners.
- The Monetary Authority of Singapore said financial institutions filed suspicious transaction reports since 2022 and closed suspect accounts to limit exposure.
- Singapore’s probe drew on 2024 STRO intelligence and information from Oct 14 US and UK actions, which include a US indictment alleging forced‑labour scam operations.