Saturday, Feb 28, 2015Saturday, Feb 28, 2015

$100m seized in one white-collar crime case

Published on Aug 13, 2014 7:22 AM

More than $115 million of allegedly tainted money was seized by the police last year in cases of white-collar crime, as the number of people charged and convicted over laundering offences hit a fresh peak.

Of that total, about $100 million came from one case, a police spokesman told The Straits Times.

Though he declined to provide details, that single haul was almost twice as much as the total amount of $54 million seized in 2010. In 2011 and 2012, a combined total of more than $65 million was seized.

Last year's figure was also the highest since 2009.

If you are not a subscriber, you can get instant, unlimited access here