Scam Suspect’s Firms Fail to Unlock Seized Singapore Cash

A Singapore court has rejected a bid by local companies of alleged scam syndicate mastermind Chen Zhi to unlock seized funds.

The application by four firms, including Chen’s Singapore family office, to free up some of the funds was dismissed Wednesday. District Judge Kok Shu-en said they failed to show that releasing the assets was necessary “in the interests of justice,” according to a decision seen by Bloomberg News.