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SINGAPORE – A 40-year-old man who was allegedly involved in the laundering of more than $ 10 million linked to a Covid-19 scam will be indicted on Wednesday (February 24).
In a press release late Tuesday (February 23), police said they were alerted in March last year to a case of scam by a foreign pharmaceutical company for € 6,636 million (S $ 10.2 million) for the purchase of surgical masks and hand sanitizers. .
The company had transferred the money to a local bank, but the items were not delivered and the supplier became uncontactable.
Officials from the Department of Business Affairs arrested the man, who allegedly received the money here, on March 25.
He allegedly knew that the money came from the criminal proceeds and had allegedly used, transferred and withdrawn part of Singapore.
The man is expected to be charged under the Corruption, Drug Trafficking and Other Serious Offenses (Confiscation of Profits) Act.
If convicted of money laundering, you can be jailed for up to 10 years, or a fine of up to $ 500,000, or both.
Police said they take seriously all those who take advantage of the pandemic to commit crimes.
For more information on scams, members of the public can visit scamalert.sg or call the Scam Hotline at 1 800-722-6688.
Anyone with information on these types of scams can call the police hotline at 1800-255-0000 or submit information online.
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