The investigating officer claimed that the condominium units purchased by Vang Shuiming in Singapore are still under construction and have been served prohibition of disposal orders, reported Channel NewsAsia (CNA).

According to the affidavit, 10 of the units were at Canninghill Piers and the other at Park Nova.

Vang, who is a Turkish national, currently faces five charges – one for using a forged document and the rest for possessing criminal benefits worth S$2.4 million (RM8.2 million) from unlicensed moneylending in China.

The affidavit, produced during today’s court hearing, showed that Vang’s assets also include four properties and three vehicles, with an estimated value of S$29 million.

Vang, 42, has assets in Singapore amounting to more than S$200 million, and more than S$962,000 in cash found at his residence, Good Class Bungalow, which was raided by the police last month.

According to the investigating officer, Singapore police acted on intelligence from foreign authorities regarding the movement of assets of at least S$3 million in Vang’s name by a person of interest after Vang’s arrest.

These assets were previously not known to the police and amounted to more than US$30 million (RM140.1 million).