The $2bn dirty-money case that rocked Singapore | EUROtoday

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Singapore, which is also known as the Switzerland of Asia, began wooing banks and wealth managers within the Nineteen Nineties. Economic reforms in China and India had begun to repay, after which within the 2000s, a newly-stable Indonesia noticed wealth develop as nicely. Soon, Singapore turned a haven for international companies, with investor-friendly legal guidelines, tax exemptions and different incentives.