Las Vegas Sands will carry out an investigation of its casino in Singapore

31.03.2021 14:36

Las Vegas Sands will investigate money laundering cases in their own casino Marina Bay Sands in Singapore. An American firm organized a committee of inquiry, as casino Marina Bay Sands was already under United States Department of Justice (DOJ) and Singapore police review.

A Chinese player named Wang Xi brought a case against Marina Bay Sands, he insisted that the operator transferred 6.8 million dollars (£4,9 million) from his house account to other accounts, without asking his permission.

Wang Xi case was settled in an extrajudicial procedure. However the Department of Justice decided to continue the investigation by analyzing the way operator processes clients’ accounts. The Department of Justice is still checking if the casino broke the rules on money laundering and doesn’t it oppress such players as Wang Xi.

Now the internal investigation will be opened by the committee that consists of three independent members of the board. An American law firm Vinson & Elkins LLP will also provide assistance to the director committee in its revision.

The internal investigation showed that some employees provided empty forms to players. They lead the players to sign empty authorization forms and after that they completed the amount of transferred funds. Marina Bay Sands claimed that it cut down the number of external transfers and tightened its security in the context of these actions.

At the moment the company is in the transient phase, because its founder Sheldon Adelson passed away this january. The company intends to sell its Venetian resort in Las-Vegas in order to focus on Asia.