Why were 15 foreigners barred from returning to Singapore?

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Fifteen Foreigners Barred from Singapore After Asset Surrender in Money Laundering Case

Fifteen foreigners involved in Singapore's S$3 billion money laundering probe have been barred from returning to the country following the surrender of S$1.85 billion in assets. These individuals had fled Singapore during the ongoing investigation, and with their cases now closed, they are no longer permitted re-entry.
Surrender of Substantial Assets

The fifteen implicated individuals collectively surrendered assets valued at S$1.85 billion to the state. This figure represents a significant portion, specifically 98.6 per cent, of all assets that had been seized from them in connection with the money laundering investigation.
Closure of Cases and Departure from Singapore

Following their departure from Singapore during the course of the investigation, the cases against these fifteen individuals have been concluded. Authorities have confirmed that these cases are now closed, and consequently, the individuals are prevented from returning to Singapore.
Ongoing Investigations for Remaining Suspects

While the cases of the fifteen have been resolved through asset forfeiture, investigations are continuing for two other suspects. These remaining individuals, identified as Cambodian nationals Su Yongcan and Wang Huoqiang, are currently at large, with warrants and Interpol Red Notices issued for their apprehension. Their assets, amounting to S$144.9 million, remain under restriction orders.
Negotiated Resolution for Asset Handover

It is understood that legal representatives for the fifteen individuals who surrendered their assets engaged in negotiations with authorities. These discussions reportedly involved lifting Interpol Red Notices against them in exchange for the immediate handover of their seized assets, facilitating the closure of their respective cases.

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Why were 15 foreigners barred from returning to Singapore?

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