The High End Price of Crime: Luxury Goods Auctioned Off in Singapore Singapore's reputation as a hub for luxury goods and real estate has taken a significant hit with the announcement that over 1,000 high end items and 80 properties will be auctioned off.
These items were seized from a massive money laundering operation that netted an astonishing US$2. 4 billion.
The story begins in August 2023, when Singaporean authorities conducted a series of raids on a complex illicit gambling ring run by Chinese suspects.