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Singapore Police Seize $3B Assets for Auctions

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Story summary
  • Singapore police seized more than $3 billion in assets.
  • Hotlotz will run 15 online auctions of the seized jewelry, handbags and watches through May 2027.
  • The first two sales could raise up to 3.9 million Singapore dollars for the treasury.
  • A 15-carat yellow diamond ring may sell for up to 300,000 Singapore dollars.
  • Deloitte is liquidating over 80 seized properties, including a penthouse expected to fetch 25.3 million Singapore dollars.