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Two Malaysian men, aged 28 and 32, were arrested for their suspected involvement in an armed robbery at a King Albert Park residence in Bukit Timah, said the police in a statement on May 2.
The Singapore Police Force were alerted to the case on April 18 at about 2am.
A gang of more than four men had robbed 11 victims, aged between 25 and 45, of various valuables, including cash in local and foreign currencies, cryptocurrency, and luxury brand watches, with an estimated total value of $4.34 million.
A Stomper said he visited the house frequently and his friend was there when the robbery took place.
"Ten masked men robbed the house," said the Stomper. "US$2.7 million (S$3.65 million) in thether cryptocurrency was transferred and watches worth S$800,000 stolen."
Through extensive ground enquiries, officers from the Criminal Investigation Department and Clementi Police Division established the identities of the men involved.
Further investigation found that the group had fled to Malaysia.
With assistance from the Royal Malaysia Police, two of the men were arrested in Malaysia on April 27 and 28 under two warrants of arrest issued by Singapore courts.
Goh Boon Tong, 28, and Muhammad Tauffiq Ahmad Fauzi, 32, were handed over to the Singapore police on April 30.
Investigations are ongoing and the Singapore police are working with the Malaysian police to locate the remaining suspects.
Both men were charged in court on May 2 with gang armed robbery, which carries an imprisonment term of up to 20 years and up to 24 strokes of the cane.
According to court documents, six people were robbed by the gang.
A 29-year-old woman was robbed of S$3,904,776.17 comprising:
A 31-year-old man was robbed of items with a total value of S$320,400 comprising:
A 28-year-old man was robbed of items with a total value of S$58,000 comprising:
A 35-year-old man who was robbed of items with a total value of S$56,300 comprising:
A 30-year-old man was robbed of items with a total value of S$1,400 comprising:
A 33-year-old man was robbed of a black Samsung Galaxy 6 smartwatch worth S$452.