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After a $2.4 billion money laundering bust, Singapore now has hundreds of luxury handbags to shift

News Snapshot:

Singapore —  One of history’s largest ever money laundering busts left officials in Singapore with a multibillion-dollar question: What to do with the cars, properties and thousands of luxury goods seized in the investigation? Three years after the coordinated raids, which saw over 400 police officers target a criminal network profiting from scams and illicit gambling, the answer is now partly on display deep inside a secretive storage facility near the affluent city-state’s airport. In a windowless, concrete-walled room, collectors are being invited to browse hundreds of the forfeited items. Cartier rings, Bulgari necklaces and Hermès “Kelly” bracelets are on show…

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