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U.K. Seizes Over $35 Million From Suspect in Singapore’s Largest Money Laundering Case

Published: Nov. 7, 2025 6:59 p.m. GMT+8

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Su Binghai.

The U.K.’s National Crime Agency (NCA) has seized assets worth more than 27 million pounds ($35.4 million) from a Chinese businessman in connection with Singapore’s largest-ever money laundering scandal.

On Wednesday, the U.K. High Court approved a settlement order for the NCA to confiscate nine luxury apartments in London valued at 15 million pounds and rare dinosaur fossils worth 12.4 million pounds from Su Binghai. Su was a fugitive who fled Singapore in August 2023, when police launched a massive crackdown on a money laundering ring.

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The UK’s NCA seized over £27 million ($35.4 million) in assets from Chinese businessman Su Binghai, linked to Singapore’s $2.3 billion money laundering scandal.
Assets included nine London apartments (£15 million), rare dinosaur fossils (£12.4 million), and 11 Chinese art pieces (£400,000); Su agreed to forfeiture, with 25% of sale proceeds returned to him.
Su is one of 17 fugitives pursued by Singapore for laundering gambling and fraud proceeds; similar NCA settlements have occurred before.

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Who’s Who

Su Empire Ltd.: Su Empire Ltd. is a British company established by Chinese businessman Su Binghai in March 2023, just five months before he fled Singapore. The U.K.'s National Crime Agency (NCA) brought a civil case against Su and his company under the Proceeds of Crime Act.

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What Happened When

2023-03：: Su Binghai established a British company, Su Empire Ltd.

2023-08-15：: Su Binghai fled Singapore, traveling through Malaysia before arriving in London.

August 2023：: Singaporean police launched a massive crackdown on a money laundering ring; Su Binghai became a fugitive.

November 2024：: Police in Singapore announced that 15 fugitives, including Su Binghai, agreed to forfeit assets to the state in exchange for the withdrawal of Interpol notices.