What happened
The UK National Crime Agency (NCA) said on 13 November 2026 that two more individuals linked to an international money-laundering network, Haijin Su, 43, and Haika Xu, 44, agreed to hand over about £55 million in UK assets in settlements approved by the High Court on 12 November. Both are linked to one of Singapore's largest money-laundering cases, in which about SGD 3 billion in criminal assets were recovered. The NCA obtained Unexplained Wealth Orders against Su in April and July 2025 and froze about £45 million of his UK assets on the basis that they were the proceeds of money laundering derived from illegal gambling and overseas scam centres; Su, who the NCA says was convicted in Singapore, will surrender 75% of his assets, worth £35,187,285, including two London properties on Oxford Street and Princes Street, £2,607,700 in rental income and £300,000 in a bank account. Xu, described by the NCA as a suspected member of the organised crime group who is still wanted in Singapore, bought 16 newbuild Soho flats for £24.7 million in 2023 through Rong Hai Development Ltd and Rong Fa Development Ltd; rather than answer an Unexplained Wealth Order, Xu chose to settle, and the NCA will sell the flats and keep 75% plus £1.2 million (about £19.77 million in total). These are civil recovery settlements; no UK criminal charges were reported.
How the scam works
A charge, an arraignment, a witness's testimony or a prosecutor's accusation is not a finding of guilt. People and companies named in these reports are accused, charged or, where the source says so, convicted or sentenced, and they are presumed innocent unless and until a court finds otherwise. Do not treat a news report or a press release as a substitute for a court judgment. If you think you were affected by the same kind of scheme, keep records and report them to the investigating agency named in the source, or to your local police and your bank.
Source
Source: https://x.com/NCA_UK/status/2121221674582364495 (@NCA_UK, Nov 13, 2026, 7:40 AM ET); https://www.nationalcrimeagency.gov.uk/news/two-more-suspected-international-money-launderers-lose-55m-to-the-nca (National Crime Agency, 13 Nov 2026)
