Singapore’s ruling party government is now under investigation by two foreign governments, the US Department of Justice and Indonesia, for money laundering at its two casinos Marina Bay Sands and Resort World Sentosa.
Bloomberg reported that the US Justice Department has summoned a former compliance chief of Marina Bay Sands (MBS) over “money laundering facilitation” and abuse of internal financial controls. The billionaire chairman of MBS owner, Las Vegas Corp Sheldon, Sheldon Adelson is at the centre of the investigation.
Winnings and losses at different foreign casinos can be shared by a group of gamblers under supervision of influential junket operators. The junket operators invite high roller gamblers to casinos by paying for their travel costs including accommodation. They are also paid a commission from the casinos. Junket operators often have links with politicians, senior civil servants, police departments, corporate leaders, criminal organisations and even terrorist organisations around the world which they depend on to recover debts.
Singapore’s MBS is now under investigation for assisting the junket operators transfer winnings and losses.
Another Singapore former employee, who carried out such fund transfers, is also under investigation by the US.
Over in Indonesia, a state-owned health insurance company’s commissioner is under investigation for laundering funds at casinos in Singapore. Both MBS and Resort World Sentosa (RWS) are involved in the investigations.
The Singapore government feigned ignorance to both investigations and claimed they have launched an investigation of their own. However, the Singapore government identified no suspects.
Lee Hsien Loong’s dictatorship government is also involved with the money laundering of Malaysia’s state fund 1MDB, with former Malaysia PM Najib Razak.