Singapore's Major Asset Seizure Linked to Global Scam Network

Singapore police have confiscated S$150 million in assets connected to the Prince Group, a multinational network linked to large-scale scam operations. The network, sanctioned by Britain and the United States, has been accused of using trafficked workers for global fraud.

In a significant move, Singapore police have seized assets worth S$150 million, implicating the Prince Group in extensive scam operations. The Straits Times reported this development, highlighting the multinational nature of the alleged fraudulent activities.

The Prince Group, which operates across Southeast Asia, faces allegations of operating vast scam centers. In particular, the network has drawn the ire of international law enforcement, leading to sanctions from both Britain and the United States.

Furthermore, the network stands accused of exploiting trafficked workers to perpetrate fraud on an international scale. This case underscores the growing menace of transnational scam operations that exploit vulnerable individuals to defraud unsuspecting victims worldwide.

(With inputs from agencies.)