The assets of relatives of the "Fujian gang" involved in Singapore's largest money laundering case, worth approximately RMB 55 million, are slated to be seized by the UK.

Assets belonging to relatives of the "Fujian gang" in Singapore's biggest money laundering case are facing confiscation in the UK. The UK's National Crime Agency (NCA) reportedly intends to freeze and seize £6 million (approximately RMB 55 million) in assets held by a 24-year-old woman in London, including two apartments, a parking space, and six bank accounts. The reason given is suspicion that these assets are related to proceeds of crime and their source cannot be explained. The UK High Court rejected the woman's application to have the freeze order lifted on March 13. According to court disclosures, the 24-year-old woman's uncle is one of 10 people arrested, convicted, and sentenced in Singapore's S$3 billion money laundering case, while her father is among 17 other fugitives involved in the case and one of 15 people whose assets were later seized and handed over by Singaporean authorities. The court's verdict did not disclose the names of the woman, her father, or her uncle, but based on information previously released by Singaporean police, only the brothers Wang Shuiming and Wang Shuiting, originally from Anxi County, Fujian Province, China, match the details disclosed by the UK court. The woman is Wang Shuiting's daughter and Wang Shuiming's niece. (Caixin.com)