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Fund management company probed for suspected money laundering; more than S$160m in assets seized

 09/03/2026 2 Views
Fund management company probed for suspected money laundering; more than S0m in assets seized


SINGAPORE: A licensed fund management company is under investigation for suspected money laundering, with more than S$160 million (US$124 million) in assets from the companyā€™s bank and securities accounts seized.

An enforcement operation by the Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) was conducted on Mar 5 against Capital Asia Investments, said the authorities in a joint statement on Monday (Mar 9).

Two of the company’s directors were arrested.

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