India, Aug. 13 -- Singapore police have transferred hundreds of high-end goods - from diamond jewellery to Hermes handbags - to Deloitte & Touche Financial Advisory Services for management and sale, as part of the massive S$3 billion (US$2.33 billion) money laundering case.

The handover, which took place on Aug 11 and 12, 2025, is part of ongoing efforts to liquidate seized non-cash assets and channel the proceeds into the government's Consolidated Fund.

The case came to light after islandwide raids on Aug 15, 2023, exposed an illicit gambling ring operating across Southeast Asia. Over the years, millions in criminal proceeds were allegedly laundered into Singapore, according to a report in Channel News Asia.

Ten foreign nationals - ni...