On 15 Aug 2023, 10 individuals were arrested in Singapore for their suspected involvement in offences of forgery, money laundering and resistance to lawful apprehension. To-date, assets worth more than SGD$2.8 billion were seized or frozen.

This report uses Handshakes, an award-winning relationship analysis tool by DC Frontiers, to harmonise and analyse data from various official sources such as the Singapore Company Registry (“CRSG”), Malaysian Company Registry (“CRMY”), Cambodian Company Registry (“CRKH”), Singapore Exchange (“SGX”) and Bursa Malaysia.

Our analysis widens the networks of the 10 arrested individuals and presents potential indirect associates of interest. An Appendix of names is provided as reference material for businesses to check for potential exposure to this case.