Singapore’s $3B Money Laundering Bust Yields a 47-Car Luxury LiquidationIn August 2023, Singaporean authorities executed a massive, coordinated raid that dismantled an international money laundering syndicate, seizing assets that ultimately ballooned to a staggering S$3 billion. Ten foreign nationals were arrested, convicted, and eventually deported, leaving behind a jaw-dropping collection of real estate, gold bars, luxury watches, and high-end vehicles.Now, the government is officially cleaning house (via The Strait Times).Following Deloitte's appointment to manage the liquidation of the seized assets, 47 ultra-luxury vehicles linked to the convicted criminals are being quietly auctioned off in a closed-bid event.A Fleet of Barely-Driven Luxury VehiclesThe fleet, currently being auctioned by the used-car platform Sgcarmart Quotz, reads like the inventory list of an elite exotic dealership. The vehicles were all registered between 2017 and 2023 and feature valid Certificates of Entitlement (COEs).AdvertisementAdvertisementThe jaw-dropping lot includes:At least 11 Rolls-Royces, including a 2023 Phantom EWB Series II that has been driven a mere 284 kilometers.High-performance supercars, highlighted by a plug-in hybrid Ferrari SF90 Stradale showing just 500 kilometers on the odometer.Two Bentley Flying Spur limousines and several unspecified McLarens.An armada of 24 high-end, seven-seater MPVs, specifically Toyota Alphards and Vellfires, which are incredibly popular as luxury transport in the region.The Storage Toll: Mold, Dust, and Dead BatteriesWhile the mileage on some of these vehicles is incredibly low, buying a seized supercar isn't exactly a turnkey experience.Because these 47 vehicles have been locked away in storage since the August 2023 raids, they have suffered from severe neglect. Recent inspection reports and auction photographs reveal that several of the multi-million dollar cars are completely covered in dust, while the interiors of others have developed visible mold.AdvertisementAdvertisementBidders are being warned that many of these highly complex exotics will require immediate mechanical intervention. According to reports, a significant portion of the fleet needs entirely new batteries and tires, as well as specialized repairs to complex air-conditioning and air-suspension systems that failed while the cars were sitting idle.Despite the necessary repair bills, the rare opportunity to snag a barely-driven SF90 or Phantom at auction is expected to draw heavy interest from regional collectors. Every dollar raised from the Sgcarmart Quotz closed-bid auction will bypass the criminals and be deposited directly into Singapore's Consolidated Fund.
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