Country of Origin
Unnamed jurisdiction
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 origin.
There was an ongoing investigation/prosecution related to this case in the country of asset location (Singapore).
The outcome was that Subject convicted in Italy and sentenced to imprisonment.
Action Initiating Asset Recovery
By an MLA request from the country of origin
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
Legal Basis for International Cooperation
Reciprocity
Notes
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
8,145,598.51 EUR
Assets frozen/seized (USD equivalent)
$8,869,888.83
Date of freeze/seizure
2015 - 2018
Jurisdiction
Singapore
#2
Assets frozen/seized
2,087,784.86 USD
Assets frozen/seized (USD equivalent)
$2,087,784.86
Jurisdiction
Singapore
#3
Assets frozen/seized
1,106,317.35 SGD
Assets frozen/seized (USD equivalent)
$829,597.49
Jurisdiction
Singapore
Asset Type at Time of Freeze/Seizure
Cash/bank deposit
Securities
USD Conversion date
November 2023
Date and Country of Case Submission
January 1, 2020
Singapore
Data Source
Official information provided by country authorities