Handbags, jewels, watches: Inside Singapore's dirty money auction
Summary
Singapore has started auctioning luxury goods like handbags, jewelry, and watches that were seized in a $2.2 billion money laundering case from 2023. These items are stored in a secure facility called Le Freeport, where reporters were allowed to see them.Key Facts
- Singapore police seized luxury items in a large money laundering investigation.
- The total value involved in the case was $2.2 billion.
- Seized goods include handbags, jewels, and watches.
- The items are kept in a secure storage area named Le Freeport.
- Singapore began auctioning these luxury goods after holding them in storage.
- The auction is part of efforts to recover assets from criminal activities.
- Journalists, including the BBC, were given access to view the items at Le Freeport.
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