Stephanie Chew quoted in The Business Times: “OCBC seeks at least S$19.7 million, mortgaged Sentosa Cove villa from money laundering accused Su Baolin”

Stephanie Chew was quoted in The Business Times by Megan Cheah. The article (p.6) reported that OCBC has filed a mortagee’s claim to seek at least S$19.7 million from Su Baolin, one of the accused in Singapore’s money-laundering case.

Stephanie provided clarity on how entities (such as OCBC) are able to make mortgagee’s claim a property that has been placed under a prohibition-of-disposal order: in the event that the entity succeeds in its claim, enforcement can take place only when the prohibition order is lifted, unless some other arrangement is agreed to by the police.

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