Svmuu News: Assets of relatives of Singapore's largest money laundering case, the "Fujian Gang," in London are set to be confiscated by the UK. It is reported that the UK's National Crime Agency (NCA) intends to freeze and seize assets including two apartments, one parking space, and funds in six bank accounts held by a 24-year-old woman in London, totaling 6 million pounds (approximately 55 million yuan). The reason cited is suspicion that these assets are linked to criminal proceeds and their source cannot be explained. The UK High Court rejected the woman's application to lift the freezing order on March 13. According to court-disclosed information, the 24-year-old woman's uncle is one of the 10 individuals arrested, convicted, and sentenced in Singapore's "S$3 billion money laundering case." Her father is among another 17 individuals involved who fled abroad and is also one of the 15 persons later dealt with by Singaporean authorities, who surrendered assets.
The judgment published by the court that day did not disclose the names of the woman, her father, or her uncle. However, a comprehensive comparison with information previously released by the Singapore police indicates that only brothers Wang Shuiming and Wang Shuiting, originally from Anxi County, Fujian Province, China, match the details disclosed by the UK court. That is, the woman is Wang Shuiting's daughter and Wang Shuiming's niece. (Caixin)
Assets of Relatives of Singapore's Largest Money Laundering Case "Fujian Gang" in London to Be Confiscated by UK, Valued at Approximately 55 Million Yuan
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