The Singapore Police Force issued a prohibition of disposal order on July 1 freezing any sale or transfer of the Good Class Bungalow, the city-state's most exclusive class of home, at 12 Chee Hoon Avenue near the Singapore Botanic Gardens.
Officers also seized about S$1 million from bank accounts tied to the case, Channel News Asia reported.
Aperia Group chief executive Wei Zhaolun, 50, known as Alan Wei, pleaded not guilty on July 6 to all 11 charges against him regarding the case and had his bail raised to S$1.25 million, Bloomberg reported. His lawyer called the charges "misconceived."
Two of the money laundering charges accuse Wei of receiving about S$5.1 million and S$698,712 in his personal accounts during 2024, part of it allegedly derived from criminal conduct, Mothership reported, citing the charge sheets.
A separate charge alleges he funneled roughly S$38 million in criminal proceeds into the bungalow, which he bought that year.
