2 men to be charged over armed gang robbery; case involves more than S$4.3 million in stolen valuables

Source: CNA

SINGAPORE: Two men will be charged in court on Thursday (May 2) for their alleged roles in an armed gang robbery involving more than S$4.34 million (US$3.19 million) in cash, cryptocurrency and other valuables.

The men, who are Malaysian nationals aged 28 and 32, will be charged with the offence of armed gang robbery, the Singapore Police Force (SPF) said in a news release.

The police were alerted to the case at a residence along King Albert Park at about 2am on Apr 18.

"A group of more than four men had robbed 11 victims, aged between 25 and 45, of various valuables, including cash in local and foreign currencies, cryptocurrency and luxury brand watches, with an estimated total value of S$4.34 million," SPF said.

Officers established the identities of the men involved through ground enquiries and found that the group had fled to Malaysia shortly after the police were alerted to the case.

With help from the Royal Malaysia Police, the two men were arrested in Malaysia on Apr 27 and Apr 28 under two warrants of arrest issued by the State Courts in Singapore.

Both men were handed over to SPF on Apr 30.

Investigations are ongoing and SPF is working with the Royal Malaysia Police to locate the remaining suspects.

The offence of armed gang robbery carries a jail term of up to 20 years and up to 24 strokes of the cane.