SINGAPORE — Eight companies in Singapore have been blacklisted and barred from business dealings over their links to two fugitives who allegedly played key roles in the $3 billion money laundering case.In a reply to queries from The Straits Times, the Singapore Police Force (SPF) and the Accounting and Corporate Regulatory Authority (ACRA) said regulatory or enforcement actions have been taken against companies owned by Su Binghai from September 2023, and those linked to Xu Haika from April 2024.«As these eight companies have been blacklisted, and their assets have been frozen since regulatory or enforcement actions commenced against them, it is not possible for them to have any more business dealings or financial transactions in Singapore,» said SPF and ACRA in a joint statement.Su and Xu Haika were among 17 suspects who evaded arrest during the police operation which saw 10 foreigners arrested on Aug 15, 2023, in the worst money laundering case in Singapore.Checks on the business registry show that Xu Haika is listed as the sole director of holding company Rong Hai Development, a role he has held since December 2020. Read more