25-12-2016 10:48 PMBlueBull wroteI understand that most coffee shops are fronts for money laundering
The towkays are never at the kopi tiams and the money earned are peanuts compared to the rents or tenders
I heard it is very easy to squander money if you are the cashier but the towkays don't seem to care or report such cases
Yet every coffee shop always report healthy profits
Why did the towkays do that?
Your guess is as good as mine
I think coffeeshop makes alot of profits. Unlikely to be a front for money laundering. But some pa bang coffeeshop could be a front, but then no need to setup a pa bang coffeeshop to launder money. There are better ways that are difficult to detect, unless the authority monitor the books closely.
The thing that puzzles is that there has been no reporting of money laundering activities and nobody gets caught, which is strange because we all know that SG has a very conducive environment for vast amount of black money to flow through SG to be cleaned.
Either someone is sleeping on the job or else also in the pocket, closing both eyes because in the takings too.
The silence is deafening.
The recent case of the 2 women getting caught is very telling. The mules which these 2 women used are not charged. Whether they are real people or not, nobody knows. If a syndicate has an army of dud identities, money laundering can be easily done. If they're real people, these mules should be charged together with the 2 women.