Tag: asset seizure
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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…
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Mustapha Abdul-Hamid Denies Asset Seizure by OSP Amid Investigation Rumors
Background: Who is Mustapha Abdul-Hamid? Mustapha Abdul-Hamid, a former chief executive officer of the National Petroleum Authority (NPA), has been at the center of speculation surrounding investigations led by the Office of the Special Prosecutor (OSP). In recent days, he publicly stated that claims of asset seizures are false, underscoring his view that misinformation is…
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OSP Seizes Assets Worth Over GH¢100 Million in NPA Investigations
Overview of the Developments The Office of the Special Prosecutor (OSP) has announced a significant milestone in its ongoing investigations tied to the National Petroleum Authority (NPA) and related procurement processes. In a recent update, the OSP disclosed the seizure and freezing of assets valued at more than GH¢100 million, alongside over US$100,000. This development…