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Singapore to sell Hermes handbags, gold bars seized in $2.3B money laundering case
Some 466 luxury items, including Hermès and Louis Vuitton handbags, and 58 gold bars seized in Singapore’s high-profile S$3 billion (US$2.3 billion) money laundering case are set to be liquidated, possibly through auctions. The Singapore police said on Tuesday that they have handed over the assets to the local arm of professional services firm Deloitte, which will oversee the selling process, as reported by Bloomberg. The items include Patek Philippe and Richard Mille watches, diamond-studded jewelry, and luxury handbags. The bullion each weighs between 999 grams and 1 kilogram. Notable bags seen at the handover ... (full story)
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- Aug 14, 2025 10:59pm Posted byEntertainment281
