Luxury cars and collectibles seized in connection to one of the largest money laundering operations in the world
Singapore – In one of the world’s largest money laundering cases, four luxury cars were seized by the authorities from a good class bungalow (GCB) located in Third Avenue, near Bukit Timah Road, on October 25, 2023.
The vehicles, which include a red Rolls-Royce Dawn, black Rolls-Royce Cullinan, red Porsche 911 Targa, and a white Toyota Alphard, are valued at more than $4.7 million. The bungalow was rented by Su Jianfeng, a Vanuatu national, who is one of the ten individuals charged in connection to this large-scale money laundering case.
According to an affidavit filed by a Commercial Affairs Department (CAD) officer, these luxury assets were part of a larger operation, which involved 62 vehicles and 152 properties, amounting to more than $1.24 billion in total assets that have been subjected to prohibition of disposal orders. This means the assets cannot be sold until the case is resolved.
As part of the investigation, authorities also seized 56 Bearbrick figurines—collectible toys valued between $450,000 and $500,000—from another location. The toys are part of the global seizure, which also includes cash, real estate, and cryptocurrency.
Su Jianfeng, who previously claimed to be the CEO of a computer support firm, is also under investigation for links to an illegal gambling syndicate. Investigations have revealed that his company, An Xing Technology, is a shell corporation. He has been arrested and faces multiple charges related to money laundering.
This operation is part of a series of raids conducted by over 400 police officers on properties across Singapore, targeting foreign nationals involved in large-scale illicit financial activities. The seized assets are currently being stored in secure facilities to ensure they are not tampered with or destroyed during the ongoing investigation.
The case has drawn significant international attention, highlighting the efforts to combat money laundering and illicit wealth accumulation globally.
