What was the total value of assets collected in the two reported scams?

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The total value of assets collected in the two reported scams amounted to S$39,000.

Two Malaysian men were arrested at Woodlands Checkpoint in connection with scams where victims were defrauded of over S$39,000 in cash, gold bars, and valuables. The arrests followed incidents where women were deceived by individuals impersonating officials from Singapore’s financial regulator.
First Victim's Loss

The initial victim in these reported cases was instructed by a scammer, who claimed to be from the Monetary Authority of Singapore (MAS), to hand over S$9,000 in cash. This was done under the false pretence that the money was required for an investigation into alleged money laundering.
Second Victim's Loss

A second victim was similarly contacted and deceived. She surrendered gold bars valued at over S$20,000 and additional valuables estimated at approximately S$10,000. Both victims were led to believe that the individuals collecting these items were legitimate officers acting on behalf of the MAS.
Suspects' Alleged Actions

The two arrested suspects, aged 30 and 40, are believed to have collected the cash and valuables from the victims before passing them to other unidentified individuals. Preliminary investigations suggest the men were involved in at least two such government official impersonation scams. Police suspect the pair may be connected to other similar cases.

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What was the total value of assets collected in the two reported scams?

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