Singapore to hold 15 auctions through May 2027 to sell S$3b money laundering luxury goods

Singapore will hold 15 auctions through May 2027 to dispose of luxury goods seized in its S$3 billion money laundering case, the largest in the city-state's history. The items, including 250 Hermès handbags, jewellery and watches, are on display at a storage facility near Changi Airport. The first two auctions run until end-September and could raise up to S$3.9 million for the treasury.