Singaporean triggered FBI probe with fake boat repair firm that was used to launder US$580,000
SINGAPORE: A Singaporean man who owed a loan shark S$2,500 set up a fictitious boat repair company with two corporate bank accounts to repay his debt, and ended up sparking a Federal Bureau of Investigation (FBI) probe. The court heard that the accounts were used to launder US$580,000 (S$794,000). Muhammad Ibrahim was on Wednesday (Jan 8) sentenced...