Country of Origin
Brunei Darussalam
Country of Asset Location
Singapore
Disposition of Criminal Case(s)
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of asset location (Singapore) and country of origin (Brunei Darussalam).
The outcome was that Subject convicted in Brunei and sentenced to imprisonment. No prosecution in Singapore.
Action Initiating Asset Recovery
By an MLA request from the country of origin
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of asset location
Conviction-based criminal prosecution and confiscation
Court-ordered compensation, restitution, or damages awarded to a foreign jurisdiction
Enforcement of foreign criminal confiscation order
Out-of-court Settlement Agreement
Legal Basis for International Cooperation
Other
Manner of Asset Transfer
Direct wire transfer to a centralized government account (e.g. general budget)
Notes
There was a voluntary return of funds.
The legal basis for international cooperation was a Treaty on Mutual Legal Assistance in Criminal Matters among Like-minded ASEAN Member Countries.
Assets returned
#1
Assets returned
628,241.95 SGD
Assets Returned (USD equivalent)
$459,947.23
Date of return
2014
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
October 2011
Jurisdiction
Singapore
USD Conversion date
2023
Date and Country of Case Submission
January 1, 2020
Singapore
Data Source
Official information provided by country authorities