A total of 466 luxury items and 58 pieces of gold bars from the $3 billion money laundering case have been handed over by police to professional services firm Deloitte to manage and liquidate.

But when such luxury watches, designer handbags, and gold are seized in multi-million-dollar money laundering cases, what actually happens to them? 

Who gets to buy these prized assets, and how does the government ensure the process is fair and transparent?

On The Big Story, Hongbin Jeong speaks to Alexander Woon, Counsel, RHTLaw Asia LLP and Provost's Chair and Lecturer, Law Programmes, Singapore University of Social Sciences, to find out more.