Connect with us

Civil Society

Former NMP and veteran journalist voice concerns over S$1.8 billion money laundering case

Former NMP Kuik Shiao-yin and veteran journalist Bertha Henson have voiced their concerns regarding the high-profile S$1.8 billion money laundering case.

Ms Henson question how long such activities have been ongoing without detection; while Kuik emphasizes that cash payments for expensive properties should raise red flags of “something is not right here”.

Published

on

SINGAPORE: The ongoing High Court trial of all ten suspects in the S$1.8 billion money laundering case has uncovered additional startling revelations.

As revealed in an affidavit presented during the court hearing on Tuesday (5 Sept), one of the suspects in the case, Vang Shui Ming, had financed the acquisition of 10 luxury units at CanningHill Piers.

In June last year, Lianhe Zaobao reported that a Chinese buyer from Fujian acquired 20 units in bulk at CanningHill Piers for an estimated S$85 million.

The 20 units include 10 3-room flats priced between $3.1 million and $3.3 million, and 10 4-room units priced between $5.3 million and $5.6 million.

Police investigations revealed that Vang (or Wang Shui Ming), a 42-year-old Turkish national originally from Fujian, had over S$200 million in assets confiscated by authorities, which included a staggering S$962,000 in cash discovered at his residence.

The prosecutor further divulged in the High Court that Vang had procured a total of 11 properties.

The recent high-profile money laundering case has reverberated across the entire island, raising questions about the extended residency of certain suspects in Singapore and their substantial acquisition of local properties with significant wealth.

Former NMP and veteran journalist raise concern over money laundering case, call for vigilance and proactive measures

Commenting on recent reports about the case, Kuik Shiao-yin, a Former Nominated Member of Parliament (NMP), and veteran journalist Bertha Henson have expressed their concerns.

They question how long such activities have been ongoing without detection and emphasize the need for proactive measures rather than relying solely on arrests.

On Tuesday, Bertha Henson, the former Associate Editor of The Straits Times, took to Facebook to raise important questions. She asked, “What I want to know is how long this been going on for and why it went undetected? It can’t be a “sudden” thing.”

She cautioned against invoking “zero tolerance” simply because arrests have been made, suggesting that true zero tolerance would have entailed prevention before the suspect’s extensive property acquisitions.

Bertha Henson may have been alluding to comments made by Home Affairs and Law Minister K Shanmugam, who asserted that Singapore’s handling of the recent money laundering case exemplifies the country’s zero tolerance for such offences.

Kuik Shiao Yin: Paying for expensive properties in cash is a red flag of “something is not right here”

Reflecting similar concerns, former Nominated Member of Parliament Kuik Shiao-yin reposted Ms Henson’s statement, highlighting that it’s not unusual to hear local property agents sharing gleeful stories about profiting from foreign clients who purchase multiple units with substantial cash sums.

Consequently, she raised the pertinent question: Should local property agents/agencies be mandated to report mysterious buyers in such cases?

“Insisting on paying for expensive properties in cash is a red flag of “something is not right here”, ” she remarked.

Ms Kuik served as an NMP for both the 12th and 13th Parliament of Singapore,  serving from August 2014 to September 2018.

 

CEA guidelines prohibit property agents from facilitating transactions linked to illicit funds

On 18 August, the Singapore Police disclosed that a total of 105 properties had been subjected to the prohibition of disposal orders in connection with the money laundering case.

The aggregate worth of these 105 properties is approximately S$831 million. Among them are seven detached bungalows situated at Sentosa Cove and 79 condominium units, including 19 that are still in the construction phase.

Moreover, 19 more properties categorized as commercial or industrial spaces have also been placed under the prohibition of disposal orders.

It was earlier reported that 60 real estate agents who were involved in selling properties to the suspects are expected to be requested to assist in the investigation

In accordance with guidelines from the Council for Estate Agencies (CEA), engaging in property transactions while being aware or having reason to believe that the client is using proceeds from drug trafficking or criminal activities to purchase the property is illegal.

Convictions could lead to fines not exceeding S$500,000 or imprisonment for up to 10 years, or both.

In June of this year, the Singapore government implemented a mandate requiring property developers to conduct background checks on buyers.

If suspicious money laundering activities or terrorism financing are identified, they are obligated to report these to the Commercial Affairs Department (CAD).

Continue Reading
Click to comment
Subscribe
Notify of
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Civil Society

RSF condemns Malaysian court ruling against British journalist Clare Rewcastle Brown

Malaysia’s Federal Court rejected Clare Rewcastle Brown’s appeal against a defamation ruling, leaving her liable for damages over RM 435,000. RSF condemned the decision as an effort to silence the journalist, who is known for reporting on corruption scandals.

Published

on

Malaysia’s Federal Court has dismissed British journalist Clare Rewcastle Brown’s appeal against a defamation ruling, leaving her liable to pay damages exceeding RM 435,000 (US$103,325).

The defamation suit, which RSF (Reporters Without Borders) describes as part of a broader effort to silence journalists reporting on corruption, relates to a statement in Rewcastle Brown’s 2018 book, The Sarawak Report – The Inside Story of the 1MDB Expose.

The journalist has faced legal challenges ever since, including both civil and criminal cases.

Rewcastle Brown, known for exposing Malaysia’s 1MDB financial scandal, was accused of defaming the Sultanah of Terengganu, the wife of a senior political figure.

The defamation suit stems from a misidentification error in the book, which wrongly stated that the Sultanah, rather than the Sultan’s sister, was connected to a businessman involved in the scandal.

Rewcastle Brown quickly corrected the mistake and issued an apology in 2018. Her legal team has argued that the error does not constitute defamation or criminal libel.

The Sultanah had initially sought RM 100 million in general damages, but the court ultimately awarded a much smaller sum of RM 300,000 (US$71,230) in damages, along with RM 135,000 (US$32,095) in legal costs. Additional fees are expected.

The Federal Court’s decision on 10 September 2024 closes Rewcastle Brown’s legal avenues for appeal in the civil case.

Reporters Without Borders has condemned Malaysia’s handling of the case, asserting that it is intended to intimidate other journalists from reporting on corruption.

Fiona O’Brien, UK Bureau Director of RSF, commented: “This case should never have made it to court. The accusations of defamation are nonsensical. The underlying agenda appears to be to silence Rewcastle Brown and warn other Malaysian journalists away from reporting on corruption.”

In a separate criminal case, Rewcastle Brown was sentenced in absentia to two years in prison in February 2024. She continues to appeal the criminal charges but has faced significant challenges in defending herself. The British government has not commented publicly on her case.

RSF also noted that Malaysia, once ranked 73rd in the World Press Freedom Index, has dropped to 107th in 2024, amid rising political instability and a pattern of defamation suits against journalists.

Continue Reading

Civil Society

Three women to contest charges over pro-Palestinian procession outside Istana

Three Singaporean women, charged under the Public Order Act for organizing a pro-Palestinian procession on 2 February, will contest their charges at trial, a court heard on 18 September. About 70 people participated in the February event, carrying watermelon-adorned umbrellas as a symbol of Palestinian resistance while delivering letters to then-Prime Minister Lee Hsien Loong.

Published

on

SINGAPORE: Three Singaporean women charged in connection with a pro-Palestinian procession to the Istana will contest their charges at trial, a court heard on Wednesday (18 September).

The defendants are Annamalai Kokila Parvathi, 35, an activist with the Transformative Justice Collective (TJC); Siti Amirah Mohamed Asrori, 29, a social media influencer; and Mossamad Sobikun Nahar, 25, a community worker.

They were charged in June under the Public Order Act for organizing an unpermitted procession on 2 February.

During the court hearing on Wednesday, the trio, through their lawyer, indicated their intention to contest the charges and claim trial.

Siti Amirah and Mossamad are accused of organizing the procession that occurred between 2pm and 3pm along the perimeter of the Istana, a restricted area.

Kokila is charged with abetting the conspiracy by collaborating with Siti, Mossamad, Alysha Mohamed Rahmat Shah, Anystasha Mohamed Rahmat Shah, and other unnamed individuals to organize the event.

According to a previous police statement, around 70 people gathered outside a mall on Orchard Road at about 2pm on 2 February before marching towards the Istana.

They carried umbrellas painted with watermelon images, symbolizing support for Palestinians amidst the ongoing Israel- Palestinian conflict.

The watermelon, reflecting the colors of the Palestinian flag, has become a symbol of solidarity.

Social media posts indicate that participants of the Letters for Palestine event walked from Plaza Singapura to the Istana to deliver letters addressed to then-Prime Minister Lee Hsien Loong.

The cases have been adjourned to October for pre-trial conferences.

If convicted under the Public Order Act, the women face a potential penalty of up to six months’ imprisonment, a fine of up to S$10,000, or both.

The police have reiterated their call for the public to avoid actions that could disrupt peace, public order, and social harmony in Singapore.

They advised that while strong feelings about the Israel-Hamas conflict are understandable, lawful means of expression, such as participating in organized forums, dialogues, and donation drives, are preferable to illegal protests.

Continue Reading

Trending