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SINGAPORE — A man who bought nearly 28,000 gold bars after receiving more than $1.5 billion in proceeds from a foreign crime was sentenced to five years’ jail on Oct 1. South Korean Kim Taek-hoon, 64, sent more than 23,500 of the gold bars, hidden inside industrial tools, to his home country and to Japan.
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5 years’ jail for man who used over $1.5b in criminal proceeds to buy gold bars, Singapore News
Margherita Culton
06:19
SINGAPORE — A man who bought nearly 28,000 gold bars after receiving more than $1.5 billion in proceeds from a foreign crime was sentenced to five years’ jail on Oct 1. South Korean Kim Taek-hoon, 64, sent more than 23,500 of the gold bars, hidden inside industrial tools, to his home country and to Japan.
