# Singapore S$3B money laundering asset auctions > Live situation record from CLSTR: https://clstr.news/situations/singapore-s3b-money-laundering-asset-auctions > Updated: 2026-09-20T18:00:00.000Z. Sources: 19. Developments: 5. Following a S$3 billion money laundering investigation, authorities in Singapore have begun the process of auctioning seized assets. In early September, plans were announced for the auction of ten luxury apartments in the River Valley and Tanjong Pagar areas, with guide prices ranging from S$2.238 million to S$6.78 million. These properties are part of a larger portfolio of more than 80 real estate assets tied to the probe. Deloitte Singapore, appointed by the Singapore Police Force, is managing the progressive auction of these forfeited non-cash assets. By mid-September, the disposal process expanded to include luxury goods. The liquidation of these items is being conducted through a series of 15 timed, online-only auctions managed by the auction house Hotlotz, scheduled to run from September 2026 through May 2027. This phased approach is intended to prevent market saturation. The initial auction phases include fine jewellery from brands such as Cartier, Bulgari, Graff, and Van Cleef & Arpels, alongside luxury handbags and accessories from Chanel, Louis Vuitton, Hermès, and Christian Dior. Subsequent sales are expected to feature high-end watches from makers including Patek Philippe, Rolex, and Richard Mille. On September 20, 2026, the first of these 15 scheduled online auctions concluded. The sale of 337 handbags and accessories raised more than S$1.1 million. Notable results included a Louis Vuitton x Yayoi Kusama pumpkin-shaped bag that sold for S$87,000, significantly exceeding its estimated value of S$12,000 to S$16,000. Other items sold included a S$20,000 Christian Dior crocodile bag. While luxury goods saw high demand, high-end real estate seized in the same case failed to attract buyers. The investigation, which involved a police operation of over 400 officers targeting a criminal network involved in fraud and illegal gambling, resulted in the conviction of ten Chinese nationals for offenses including money laundering and forgery. ## Claims - Singapore authorities are auctioning luxury goods seized in a major money laundering investigation. (corroborated by 6 sources) - The total value of seized assets exceeds 3 billion Singapore dollars. (corroborated by 5 sources) - The auction process will consist of 15 separate sales through May of next year. (corroborated by 5 sources) - Seized items include Cartier rings, Bulgari necklaces, and Hermes Kelly bracelets. (corroborated by 4 sources) - The investigation involved more than 400 police officers. (corroborated by 3 sources) - A 15.02-carat fancy yellow diamond ring is estimated to be worth between 200,000 and 300,000 Singapore dollars. (corroborated by 2 sources) - Ten Chinese nationals were convicted in connection with the money laundering and forgery case. (corroborated by 2 sources) - Deloitte was appointed to help liquidate non-cash assets from the bust. (single source) ## Timeline ### 2026-09-20: Singapore money laundering auction: Kusama bag sells for S$87,000 A Louis Vuitton x Yayoi Kusama pumpkin bag sold for S$87,000 in a Singapore auction of luxury items seized in a S$3 billion money-laundering case. 6 sources. https://clstr.news/cluster/singapore-money-laundering-auction-kusama-bag-sells-for-s87000 ### 2026-09-16: Singapore auctions luxury goods seized in S$3 billion money laundering case Singapore has begun auctioning luxury goods, including jewellery and designer handbags, seized in a S$3 billion money laundering case. The online auctions will run through May 2027. 2 sources. https://clstr.news/cluster/singapore-auctions-luxury-goods-seized-in-s3-billion-money-laundering-case ### 2026-09-14: Singapore auctions luxury goods seized in $2.4B money laundering case Singapore is auctioning luxury goods, including jewelry and designer bags, seized in a 3 billion SGD money laundering investigation. Sales will occur in 15 installments through May next year. 7 sources. https://clstr.news/cluster/singapore-to-auction-luxury-goods-seized-in-massive-money-laundering-probe ### 2026-09-12: Singapore auctions luxury assets seized in S$3B money laundering case Singapore has begun auctioning luxury handbags and jewellery seized in a S$3 billion money laundering case, with initial lots estimated to be worth up to S$3.9 million. 3 sources. https://clstr.news/cluster/singapore-auctions-luxury-assets-seized-in-s3b-money-laundering-case ### 2026-09-02: Singapore luxury apartments linked to S$3 billion money laundering case to be auctioned Ten luxury apartments linked to Singapore’s S$3 billion money laundering case will be auctioned on September 23, with guide prices reaching up to S$6.78 million. 3 sources. https://clstr.news/cluster/singapore-luxury-apartments-linked-to-s3-billion-money-laundering-case-to-be-auctioned --- Cite as: Singapore S$3B money laundering asset auctions. CLSTR, https://clstr.news/situations/singapore-s3b-money-laundering-asset-auctions