Expenses Incurred to Preserve Assets Seized in One of Largest Anti-money Laundering Operations

Saktiandi Supaat asked about the expenses incurred to preserve assets seized in a major anti-money laundering operation in August 2023 and how these costs would be covered.
K Shanmugam responded that expenses include storage, maintenance, safeguarding of properties, vehicles, and luxury items, with about $646,282 incurred by Police as of March 2024.
He explained these expenses are borne by the state and covered by forfeited cash and proceeds from the sale of forfeited non-cash assets, which are channeled to the state.

Saktiandi Supaat asked about the expenses incurred to preserve assets seized in a major anti-money laundering operation in August 2023 and how these costs would be covered.
K Shanmugam responded that expenses include storage, maintenance, safeguarding of properties, vehicles, and luxury items, with about $646,282 incurred by Police as of March 2024.
He explained these expenses are borne by the state and covered by forfeited cash and proceeds from the sale of forfeited non-cash assets, which are channeled to the state.

Saktiandi Supaat asked about the expenses incurred to preserve assets seized in a major anti-money laundering operation in August 2023 and how these costs would be covered.
K Shanmugam responded that expenses include storage, maintenance, safeguarding of properties, vehicles, and luxury items, with about $646,282 incurred by Police as of March 2024.
He explained these expenses are borne by the state and covered by forfeited cash and proceeds from the sale of forfeited non-cash assets, which are channeled to the state.

Saktiandi Supaat asked about the expenses incurred to preserve assets seized in a major anti-money laundering operation in August 2023 and how these costs would be covered.
K Shanmugam responded that expenses include storage, maintenance, safeguarding of properties, vehicles, and luxury items, with about $646,282 incurred by Police as of March 2024.
He explained these expenses are borne by the state and covered by forfeited cash and proceeds from the sale of forfeited non-cash assets, which are channeled to the state.

Summary