The person mentioned in the latest report is among a number of individuals arrested in Singapore for offences including money laundering and forgery.     

Oversea-Chinese Banking Corp (OCBC), parent of Bank of Singapore, has sued a suspect involved in Singapore’s biggest money laundering case, marking the first known case of a lender in the city-state taking action to recover losses, Bloomberg reported last Friday. 

In November, the Singapore-listed bank filed a claim against Su Baolin, a Cambodian passport holder, seeking about S$19.7 million ($14.7 million) mostly from a residential mortgage, according to legal documents seen by the news service.

WealthBriefingAsia contacted OCBC for comment; it hadn’t received a reply at the time of going to press. 

Su is among the 10 Chinese-born individuals arrested in Singapore in August for offences including money laundering and forgery. He is facing two charges so far, both for forgery, the report said. 

The banking group applied for a court order to seize a mortgaged property under construction at Sentosa Cove, a private residential enclave on an island off Singapore’s mainland. Su has also been ordered to repay S$19.5 million in a housing loan, plus interest, and some S$220,570 in credit card debt, according to the suit, the report continued.

The report said OCBC has declined to comment on the lawsuit.

More than S$2.8 billion of assets have been frozen or seized by the police since the island-wide raid in August, which includes more than 150 properties linked to the 10 individuals arrested, the report added.

In September, Singapore police reportedly seized S$125 million ($92 million) from a suspected money launderer’s accounts with Julius Baer and the local unit of Credit Suisse. The banks declined to comment.