Authorities in Singapore arrested 10 foreigners for suspected offenses, including money laundering and forgery, in a case involving about S$1 billion ($736 million) of properties, luxury cars, cash and other assets, according to Bloomberg.
The Singapore Police Force said in a statement late Wednesday that it conducted simultaneous raids on August 15 that led to the arrests.
The police issued a prohibition of disposal orders against 94 properties and 50 vehicles with a total estimated value of more than S$815 million.
Other assets confiscated include cash, more than 250 luxury bags and watches and over 270 pieces of jewelry, according to the statement.
