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DSI to investigate iCon for alleged money laundering

DSI to investigate iCon for alleged money laundering

14 Sept 02:31 Key points summarised by AI
  • The Department of Special Investigation (DSI) has launched an investigation into iCon Group for alleged money laundering, suspecting investor funds were converted into movable and immovable properties to evade detection.
  • DSI will focus solely on the money laundering aspect, while police handle public fraud and the Anti-Money Laundering Office (AMLO) manages frozen assets, which include land, buildings, vehicles, and luxury items, earmarked for distribution to valid claimants after convictions.
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