Israel faces a choice between two disastrous paths, with its strategy of total destruction of Hamas risking further escalation and long-term harm.

Oversea-Chinese Banking Corp. (OCBC) has filed a lawsuit against Su Baolin, a key suspect in Singapore’s high-profile money laundering case, seeking to recover $19.7 million in damages. This marks the first known instance of a financial institution in Singapore taking legal action to reclaim losses from the ongoing scandal.

Su Baolin, a Cambodian passport holder, is one of ten Chinese-born individuals arrested in August under charges of money laundering, forgery, and other financial crimes. Su himself faces two forgery charges related to his activities. The lawsuit, filed last month, demands the repayment of approximately $19.7 million from Su, primarily tied to a residential mortgage. Court documents indicate that the sum includes a $19.5 million housing loan, interest payments, and additional credit card debts of around $220,570.

OCBC has also requested a court order to seize a property that is under construction at Sentosa Cove, a prestigious residential area on a private island in Singapore. This move is part of the bank’s strategy to recover some of its financial losses.

Despite being in remand since his arrest in mid-August, Su has not responded to attempts to serve legal notices at his registered address. Moreover, there has been no legal representation listed for Su ahead of the court hearing, which is set for this Friday.

Singapore police have already seized or frozen assets worth approximately $2.8 billion, including over 150 properties, bank accounts, cash, and cryptocurrencies connected to Su and other individuals involved in the case. Authorities have also confiscated assets worth $99 million directly tied to Su and his wife. However, neither party’s contact details are publicly available.

This legal case comes amid wider concerns about the scale of the money laundering scandal, which has sent shockwaves through Singapore’s financial sector. The city-state, known as a global financial hub and often referred to as the “Switzerland of the East,” is grappling with its reputation as a secure and transparent destination for the wealthy.