SINGAPORE, Jan. 14 -- Singapore police have reportedly seized properties worth more than S$1.5 million (about RM6.08 million)linked to the Genneva gold scam and will apply to the court to distribute the assets to victims.

According to Singapore's CNA, Minister for Home Affairs K Shanmugam said investigations into the case have been completed and authorities are moving towards the distribution stage.

"The distribution process is complex and may take some time, as there is a large number of potential claimants," he was quoted as saying.

Shanmugam said police would notify victims on the claims procedure in due course.

He was responding in a written parliamentary reply to a question from Sylvia Lim on the status of recovered proceeds and ...