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SINGAPORE: DBS Group Holdings and Financial institution of Singapore, the personal banking arm of OCBC Financial institution, are collectors to the funding firms linked to the alleged billion-dollar cash launderers arrested earlier in August, in accordance with enterprise filings seen by Bloomberg Information.
The Straits Instances studies one of many accused additionally tried to cheat Normal Chartered Financial institution, in accordance with a court docket listening to in Singapore on Wednesday. Malaysia’s CIMB Financial institution, Citigroup’s native subsidiary and Deutsche Financial institution have additionally been linked to the suspects.
The Straits Instances studies DBS registered 4 prices – typically referring to a type of safety curiosity often taken by a lender to safe reimbursement of a mortgage – on Aug 18, 2021, to Aiqinhai Funding.
The corporate’s director and sole shareholder, Su Haijin, is among the many 10 folks indicted in a Singapore court docket for offences together with cash laundering and forgery.
Financial institution of Singapore registered a cost on Jan 7, 2022, for Xinbao Funding Holdings. One of many firm’s two administrators is Su Baolin, among the many folks charged.
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