Singapore authorities have made ten arrests in connection with money laundering cases, according to reports in the international press.

In an announcement, AKEL MP Irene Charalambidou notes that the international stigmatization of our country, as a result of the abuse of the practice of "Golden Passports", should be immediately managed by the competent Minister in order to proceed with the revocation of passports.

According to the MP, she asked the Ministry of Interior for information on whether this is done for these two, who are classified as Cypriot citizens.

According to the liberal.gr, police arrested 10 foreigners for alleged money laundering and forgery offenses in a dizzying case involving cash, real estate, luxury cars and other assets worth about $737 million.

Authorities carried out simultaneous raids across the city on Tuesday to arrest the suspects, its statement said on Wednesday.

Orders prohibiting the disposal of 94 properties and 50 vehicles, with a total estimated value of more than S$815 million, were issued.

Other seizures included bank accounts, cash, luxury bags, jewelry, watches, electronic devices and some documents with information about virtual assets.

The foreigners were aged between 31 and 44 and their nationality includes Chinese, Turkish, Cypriots, Cambodians and Ni-Vanuatu, Singapore police said.

In a separate statement, Singapore's central bank said it had "been in contact with the financial institutions (FIs) in which the potentially contaminated funds were identified. Supervisory engagements with these CAs continue," without naming the CAs.