S$3b money laundering case: Forfeited luxury goods, properties to go on auction from September
World2 sources2 countries🔦 Under-reported26m ago
Singapore will begin auctioning more than 1,000 forfeited luxury items and 80 real estate properties starting September 7, stemming from a S$3 billion (approximately US$2.4 billion) money laundering case. Audit firm Deloitte announced the upcoming sales on Saturday.
The real estate properties will be auctioned off by firms including SRI, Edmund Tie, and Knight Frank. Meanwhile, the seized luxury goods will be handled by the auction house Hotlotz.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
South China Morning Post (HK)Highlights the international scale by converting the figure to US dollars
Channel NewsAsia (SG)Focuses on the specific local auction houses managing the sales
Newz