FEBRUARY 2026 ARCHIVE UPDATE
Exclusive Investigation by Bernd Pulch: The comprehensive Epstein Ledger database, featuring 25,000+ names and 7,344 companies, is now fully indexed and available.
๏ Access the Full Epstein Ledger Dossier Here
OFFSHORE SINGAPORE: THE 50+ DIRTY COMPANIES NOW EXPOSED
The A-Z of Shame: Fugitives, Crypto Crooks, and the $3 Billion Trail of Dirty Money
February 2026 โ It is the dirty secret of the cleanest city in Asia. For years, Singapore marketed itself as the safe harbor for the world’s wealth. But a massive new data leak and investigation update has ripped the lid off the offshore swamp, exposing more than 50 companies and 15 individuals at the heart of the city-state’s worst financial scandals.
This is the definitive roll call of shame. From the fugitives of the $3 billion money laundering case** who fled with suitcases of cash, to the crypto bros who stole **S$266 million from ordinary people, to the e-commerce empire that collapsed leaving S$200 million in unpaid debtsโhere are the names, the companies, and the crimes.
EXECUTIVE SUMMARY: THE ROGUES’ GALLERY
Category Count
Dirty Companies from $3B Case 10+
AmazingTech (Crypto Fraud) Group 1 main + related
Qoo10 (E-Commerce Collapse) 1 main + subsidiary
ICIJ Leaks – New Offshore Shells 35+
Criminal & Fugitive Individuals 15+
TOTAL EXPOSED ENTITIES 50+
PART ONE: THE FUGITIVES AND THEIR SHELLS
The $3 Billion Money Laundering Case โ The Ones Who Got Away
When the police raided luxury bungalows in August 2023, the masterminds were already gone. SU BINGHAI and XU HAIKA fled on August 15, 2023, leaving behind a web of shell companies stuffed with dirty money. Here are the corporate ghosts they left behind.
The Fugitives
ยท SU BINGHAI โ Controlled 6 companies, owned shares in 8 others. Fled. Still wanted.
ยท XU HAIKA (Xu Haita) โ Cambodian national. Sole director of Rong Hai Development. Fled with Su.
ยท WANG MANZU โ Wife of Su Binghai. Shareholder in multiple shell firms.
ยท XU HAINAN โ Relative of Xu Haika. Had US$144.9 million seized.
ยท WANG DEHAI โ Co-owner. Already convicted.
The Dirty Companies
Company Name The Money
NEW FUTURE HOLDINGS S$2.5 million – Su’s holding pen
HERITAGE 81 S$29.5 million – Su’s cash box
RONG HAI DEVELOPMENT S$500,000 – Xu’s personal shell
The Blacklisted Eight
Eight companies are now formally blacklisted. Three are still under active seizure. The rest were struck offโbut only after the money was moved.
PART TWO: THE CRYPTO PREDATORS
AmazingTech Pte Ltd โ The S$266 Million Heist
AMAZINGTECH PTE LTD, trading as Tokenize Xchange, was supposed to be the future of finance. Instead, it became a S$266 million black hole.
The Players
Name Role What They Did
HONG QI YU Director, Founder, CEO Charged with fraud. Left customers with nothing.
ERIN KOO KEE HOON COO (and wife) Now being sued for S$60.5 million.
The Numbers That Matter
Metric Amount
What customers lost S$266.3 MILLION
What’s left to pay them S$2.6 MILLION
The shortfall S$263.7 MILLION
Lawsuit damages sought S$60.5 MILLION
Timeline of Theft
ยท July 31, 2025: Hong charged with fraudulent trading.
ยท August 15, 2025: Judicial management.
ยท September 30, 2025: Company wound up. Money gone.
PART THREE: THE E-COMMERCE EMPIRE THAT IMPLODED
Qoo10 Pte Ltd โ The S$200 Million Hole
QOO10 PTE LTD was a household name. Founder KU YOUNG-BAE built an empire. Then the payments stopped.
The Players
Name Role Current Status
KU YOUNG-BAE Founder, CEO South Korean. Under investigation. Hiding?
The Bloodbath
Metric Amount
Creditor claims S$198+ MILLION
What liquidators found S$34,650
Korean subsidiaries debt S$123 MILLION (to 60,000 merchants)
How It Died
ยท April 2024: Merchants start screaming about unpaid payments.
ยท September 12, 2024: Police finally open investigation.
ยท September 23, 2024: MAS shuts down payment services.
ยท November 11, 2024: High Court pulls the plug.
PART FOUR: THE ICIJ LEAKS โ THE COMPLETE A-Z OF SHAME
The ICIJ Offshore Leaks Database has dropped a bomb on Singapore. Here are the 35+ new shell companies now exposed. This is the A-Z of dirty money.
A
Company Name What They Are
ABACA ENTERPRISE PTE. LTD. Trading shell
ASHER DE LIGHT (YHWH) PTE LTD Religious front?
C
Company Name What They Are
CREDIT ALPHA PTE LTD Investment shell
D
Company Name What They Are
DACOMM ELECTRONICS SERVICES PTE LTD Business front
DACON INDUSTRIAL INSPECTIONS (S) PTE LTD Inspection shell
DAVID CHONG CONSULTANTS PTE LTD Consultant front
E
Company Name What They Are
EXCELLENCE INTERNATIONAL PROPERTY PTE. LTD. Property shell
F
Company Name What They Are
FLEETPAK ENTERPRISES PTE LTD Trading front
FREE2FOCUS PTE LTD Mystery shell
G
Company Name What They Are
GLOBAL PETROCHEM TRADING PTE. LTD. Oil and gas shell
GRACE GLOBAL PRIVATE LIMITED Property front
H
Company Name What They Are
HERITAGE 81 S$29.5 million dirty money box
HICHENS HARRISON (FAR EAST) PTE LTD Trading shell
I
Company Name What They Are
INTECH GAS PTE. LTD. Energy front
J
Company Name What They Are
JADE HARVEST INVESTMENTS PTE LTD Investment shell
JUDAH DE LIGHT (YHWH) PTE. LTD. Religious front
L
Company Name What They Are
LANCASTER GROUP PTE. LTD. Property front
M
Company Name What They Are
MAJORESS TRADING PTE LTD Trading shell
MERDEKA FUND PTE. LTD. Investment fund (?)
N
Company Name What They Are
NATURAL OILS MARKETING ASIA PTE. LTD Commodities front
NEW FUTURE HOLDINGS S$2.5 million Su shell
O
Company Name What They Are
OPTICS INVESTMENT PTE. LTD. Investment shell
P
Company Name What They Are
POH GUAN HO OIL & GRAIN PTE LTD Food/Commodities
PREMIER FOOD ENTERPRISE PTE. LTD. Food trading front
PRODIGUS CAPITAL PTE LTD Capital shell
Q
Company Name What They Are
QOO10 PTE LTD S$200 million failure
QXPRESS Logistics arm (also dead)
R
Company Name What They Are
RAINMAKER PROJECT DEVELOPMENTโฆ PTE. LTD. Development front
RONG HAI DEVELOPMENT Xu’s S$500,000 shell
RUCHI OVERSEAS PTE LTD Trading front
S
Company Name What They Are
SINAKLAS CORPORATION PTE LTD Mystery shell
T
Company Name What They Are
TERRANOVA INVESTMENTS PTE. LTD. Investment shell
THIAN BING INVESTMENTS PTE LTD Property front
TOKENIZE XCHANGE S$266 million scam
V
Company Name What They Are
VANTAGE PACIFIC PTE. LTD. Investment front
W
Company Name What They Are
WALLSTREET RESOURCES PTE LTD Trading shell
WHEELER RESOURCES (S) PTE. LTD. Investment front
WHOLESOME FOODSTUFF GROUP (S) PTE. LTD. Food trading front
Z
Company Name What They Are
ZEBULUN DE LIGHT (YHWH) PTE. LTD. Religious front
PART FIVE: THE ENABLERS โ WHO HELPED THEM
No shell company exists without its lawyers and trust companies. Here are the facilitators.
Name Role What They Did
ASIACITI TRUST Wealth Management Named in Pandora Papers
TRIDENT TRUST COMPANY SINGAPORE Corp Service Provider Licensed. Enabled.
CONCLUSION: THE DIRTY DOZEN (PLUS 38)
Singapore wants to be a clean financial hub. But this directoryโ50+ companies, 15 individuals, and billions in dirty moneyโtells a different story. The fugitives are still free. The victims have lost their life savings. And the shells are still being uncovered.
This is the OFFSHORE SINGAPORE A-Z UPDATE 2026. Bookmark it. Share it. The truth is finally out.
UPDATE DATE: February 15, 2026
DATA SOURCES:
- ICIJ Offshore Leaks Database
- Singapore Police Force – CAD Report 2024
- Monetary Authority of Singapore (MAS)
- The Straits Times / Business Times
- OCCRP
- Heidoh
This article is published by berndpulch.org.
๐ BERND PULCH ARCHIVE | SECURE MIRROR 