Suspects in $3 Billion Laundering Case Spent $70 Million on U.K. Properties While on the Run

Two suspects linked to a $3 billion money laundering case spent more than $69.8 million on properties in London while on the run from authorities in Singapore, The Straits Times reported.

Su was among 17 suspects who evaded arrest during police raids in Singapore on Aug. 15, 2023. (Photo: New Futures International)

Su Binghai, a fugitive in Singapore’s money laundering case, bought nine London flats for $27 million just a week after fleeing the country. Xu Haika, another suspect, purchased 16 London apartments for $42.6 million.

He remains at large. The Accounting and Corporate Regulatory Authority is investigating the pair’s continued links to firms registered in Singapore.

Su Binghai, a fugitive in Singapore’s money laundering case, bought nine London flats for $27 million just a week after fleeing the country. Xu Haika, another suspect, purchased 16 London apartments for $42.6 million.

He remains at large. The Accounting and Corporate Regulatory Authority is investigating the pair’s continued links to firms registered in Singapore.

The Straits Times, working with the Organized Crime and Corruption Reporting Project (OCCRP), learned that the pair purchased the properties through U.K.-listed firms between July and September 2023.

China-born Su, who holds Cambodian citizenship and passports from Vanuatu and St. Kitts and Nevis in the Caribbean, was among 17 suspects who evaded arrest during police raids in Singapore on Aug. 15, 2023.