Tag: asset seizure
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OSP Seizes Assets Tied to Dr Mustapha Abdul-Hamid in Criminal Case
Overview: OSP moves to seize assets linked to a high-profile case The Office of the Special Prosecutor (OSP) has announced a major development in a continuing criminal investigation involving former National Petroleum Authority (NPA) chief executive officer Dr Mustapha Abdul-Hamid. The OSP says it has seized and is managing a range of high-value assets tied…
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Ghana: OSP Seizes Assets Linked to Mustapha Abdul-Hamid Case
Introduction: A Step in Asset Recovery The Office of the Special Prosecutor (OSP) in Ghana has announced the seizure and management of a broad range of high-value assets as part of the ongoing criminal proceedings against former National Petroleum Authority (NPA) chief executive Dr Mustapha Abdul-Hamid and nine co- defendants. The move underscores the state’s…
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Ghana’s OSP Seizes Assets Tied to Ex-NPA Chief in Major Fraud Case
Overview: OSP moves to clamp down on assets linked to a high-profile corruption case The Office of the Special Prosecutor (OSP) has disclosed a substantial seizure of assets as part of the ongoing criminal probe involving former National Petroleum Authority (NPA) Chief Executive Officer Dr Mustapha Abdul-Hamid and nine co-accused individuals. The move underscores the…
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Lee Seung Gi And Baekhyun Could Lose Luxury Homes Over Tax
Overview: A Tax Case With Implications for Two Korean Icons In a development rippling through the Korean entertainment scene, reports indicate that luxury villas leased by two high-profile stars—Lee Seung Gi and EXO’s Baekhyun—have been seized and provisionally frozen. The backdrop is a complex tax delinquency and fraud investigation involving Cha Ga Won, the chairman…
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Rolex Watches and Jewellery Linked to RM50 Million Seizure in Malaysian Military Probes
Overview of the Seizure In a prominent crackdown touching Malaysia’s military circles, authorities have seized more than RM50 million (S$15.85 million) in cash, assets, and frozen funds across two investigations. The scope includes luxury watches, notably Rolex pieces, and an assortment of jewellery, underscoring the scale and cross-border implications of perceived financial improprieties within the…
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Rolex Watches Seized in Malaysia Military Probes: Over $15m Valuation
Overview: Major Asset Seizures Tied to Malaysia’s Military Two parallel investigations into activities linked with Malaysia’s military have resulted in the seizure of more than RM50 million (about S$15.85 million) in cash, assets, and frozen-account funds. The operations, described as high-profile, involved a broad range of assets, including luxury watches such as Rolex and jewellery,…
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Rolex Watches Seized in RM50m Probes In Malaysia’s Military
RM50 Million Asset Seizures Linked to Military Probes In a bold move underscoring ongoing investigations into Malaysia’s military procurement and financial practices, authorities disclosed that more than RM50 million (S$15.85 million) in cash, assets, and frozen funds have been seized in two high-profile probes. The seizure highlights a broader crackdown on alleged corruption and mismanagement…
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Singapore Authorities Expand Asset Seizures Tears through Prince Group Ties to Cambodian Tycoon
Singapore Expands Asset Seizures in Prince Group Probe Authorities in Singapore are moving to seize additional assets connected to the Prince Group, the conglomerate associated with Cambodian businessman Chen Zhi. The developments come after disclosures in a court hearing raised questions about the group’s activities and the origin of some of its assets. Law enforcement…
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Singapore Seizes More Assets Tied to Cambodian Tycoon Chen Zhi
Singapore expands asset seizure tied to Prince Group Singapore authorities are expanding asset seizure actions connected to Cambodian businessman Chen Zhi and his Prince Group, following disclosures in a recent court hearing. Officials from the Commercial Affairs Department (CAD) disclosed that the investigation has uncovered additional assets linked to the tycoon’s network, prompting prosecutors to…
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BOC Postpones Auction as Second Bid Sought for Discaya Family’s Four Luxury Vehicles
Background: A Second Bid in the Works The Bureau of Customs (BOC) is preparing to launch a second public auction for four luxury vehicles owned by the Discaya family. Authorities contend that the vehicles were imported and subsequently registered in the country through fraudulent means, prompting the bid process as part of the department’s ongoing…