ID: ARW-511
Case in relation to laundering of bribes received by foreign politically exposed person (Singapore and Italy)
At time of reporting (2020), there was an ongoing investigation/prosecution related to this case in the country of origin (Italy).
There was also a concluded investigation/prosecution related to this case in the country of asset location (Singapore).
The outcome was that domestic investigation concluded as foreign accused was already dealt with by foreign jurisdictions. There is insufficient evidence that any Singapore persons were involved in the laundering of criminal proceeds.
The legal basis for asset recovery in the country of asset location (Singapore) was also a foreign restraint order.
The date of asset freezing/seizure order was October 2015 in Italy. The freezing order was enforced in April 2017 in Singapore.
At time of reporting (2020), the assets were still frozen/seized.