SUBSCRIBERS

HSBC, Morgan Stanley among creditors as money-laundering probe expands to associates

Claudia ChongNg Wei Kai
Published Tue, Sep 12, 2023 · 06:06 PM

HSBC and Morgan Stanley are among the potential creditors of companies whose shareholders and directors have been linked to the recent money-laundering bust.

More connections are surfacing as the authorities expand investigations into the associates of the 10 charged in an anti-money-laundering crackdown that has grown in value to S$1.8 billion.

Business filings of Singapore-incorporated companies linked to 24 persons, identified by the authorities as associates of the charged, show at least six banks as creditors to eight entities.

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Singapore

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here