Singapore Judge Rejects Fund Release Bid by Family Office Linked to Alleged Scam Case

A Singapore district judge rejected an application tied to DW Capital, a Singapore-based family office linked to alleged scam kingpin Chen Zhi, to release funds frozen amid a money-laundering probe.

Court documents said the Singapore family office sought to release funds for salaries, taxes and future costs.

District Judge Kok Shu-en questioned the applicant’s credibility and ruled that preserving the assets best served the interests of justice as investigations into the Singapore family office and related entities continue.