Singapore police block SRS Auto from selling vehicles amid widening money laundering probe

straitstimes.com

Singapore police have blocked SRS Auto from disposing of its vehicles as part of a widening probe into car leasing firms for alleged money laundering. The police issued 121 prohibition of disposal orders against SRS Auto vehicles. Investigations began in 2024 after receiving financial intelligence regarding Cambodian businessman Chen Zhi and his associates. The probe involves multiple agencies, including the Monetary Authority of Singapore. Chen Zhi was indicted in the US in October 2025 for alleged fraud and money laundering.


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