Tradenation luxury goods scam: Tradeluxury director charged with money laundering

By February 2022, Pansuk knew the companies might not be able to fulfil their orders because they did not have sufficient funds.

However, she continued taking orders, using payments from new customers to buy goods to fulfil earlier orders.

Pansuk knew that most of these orders would incur losses as she was buying from local sellers and selling to customers at a price lower than the cost.

The companies had a deficit of nearly S$9 million (US$7.1 million) by the end of March 2022.

Pansuk continued taking pre-orders until June 2022, cheating 166 victims of more than S$12 million.

Despite the companies’ losses, the couple lived a lavish lifestyle funded with money from their businesses.

While under investigation, Pansuk and Pi fled Singapore by hiding in a lorry’s container compartment while crossing Tuas Checkpoint. They were arrested in Malaysia on Aug 11, 2022, and handed over to the Singapore Police Force.

Pansuk was sentenced to 14 years’ jail in October 2024, while Pi was jailed for five years and 10 months in October 2025.