Country of Origin
Switzerland
Country of Asset Location
Singapore
Disposition of Criminal Case(s)
At time of reporting (2020), there was an ongoing investigation/prosecution related to this case in the country of origin (Switzerland).
There was a concluded investigation/prosecution related to this case in the country of asset location (Singapore).
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for Asset Recovery in the country of asset location
Conviction-based criminal prosecution and confiscation
Notes
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
20,683,951.00 EUR
Assets frozen/seized (USD equivalent)
$22,075,153.54
Date of freeze/seizure
November 2017
Jurisdiction
Singapore
Asset Type at Time of Freeze/Seizure
Securities
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Singapore
Data Source
Official information provided by country authorities