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.

 

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?&nbsp;
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.
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Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.