Two Suspected Launderers Hand Over £55M to the NCA

LONDON, United Kingdom — Two men linked to one of Singapore's largest money laundering cases have agreed to hand over about £55 million in United Kingdom assets in settlements with the National Crime Agency, the agency reported.

Read the NCA release: https://www.nationalcrimeagency.gov.uk/news/two-more-suspected-international-money-launderers-lose-55m-to-the-nca

The National Crime Agency announced the settlements on November 13, 2026.

Haijin Su is 43 years old, according to the release.

Haika Xu is 44 years old, according to the release.

Both settlements were approved by the High Court on November 12, 2026, officials reported.

Singapore Convictions, Asset Forfeitures, and a £1.75 Billion Recovery

The Singapore investigation led to 10 people being convicted, according to the release.

A further 15 people forfeited their assets in Singapore, officials reported.

Singaporean authorities recovered about SGD 3 billion in criminal assets in total, about £1.75 billion, according to the release.

Unexplained Wealth Orders, London Property, and Rental Income

In April and July 2025, the agency obtained Unexplained Wealth Orders against Haijin Su, officials reported.

The agency froze about £45 million of his UK assets, consisting of cash, real property and alcohol, according to the release.

The agency said the assets were the proceeds of money laundering derived from illegal gambling and overseas scam centres.

Su was convicted in Singapore and is a member of the organised crime group, according to the release.

Su will surrender 75% of his assets, worth £35,187,285, officials reported.

That amount includes two London properties, one on Oxford Street and another in adjacent Princes Street, £2,607,700 of rental income, and £300,000 in a bank account, according to the release.

In 2023, Xu purchased 16 new-build flats in a Soho development for £24.7 million without mortgages, officials reported.

The flats were purchased through Rong Hai Development Ltd and Rong Fa Development Ltd, two UK companies set up expressly to purchase the properties, according to the release.

Xu is the ultimate beneficial owner of both companies, officials reported.

In June 2026, the agency secured an Unexplained Wealth Order against Xu and asked questions about the source of the funds, according to the release.

Xu, who is still wanted by the Singaporean authorities, chose to settle rather than answer, officials reported.

Under the settlement, the agency will sell the identified property and retain 75% of the proceeds, plus a further £1.2 million representing rental income, according to the release.

The settlement is worth £19,771,175 to the agency in total, officials reported.

A £75 Million Total, an Earlier Settlement, and What Comes Next

The action against the pair means the agency has seized about £75 million in assets in a 12-month period from the same international organised crime group, according to the release.

Last year, a settlement was reached with Binghai Su, 37, to recover assets worth more than £20 million, including three dinosaur fossils and London property, officials reported.

"Tackling illicit finance is a priority for the NCA," Gareth Jones, Branch Commander for Asset Denial at the National Crime Agency, said in the release.

"These settlements are in the public interest, avoiding protracted and costly High Court litigation while enabling our resources to be redirected towards new investigations," Jones said.

The agency said it is making increasing use of Unexplained Wealth Orders and will use its powers to recover criminal assets where it suspects the proceeds of unlawful conduct overseas have been laundered through the United Kingdom, according to the release.

The settlements are civil recoveries agreed by the two men. The release does not report a United Kingdom conviction for either man in this action.

Anyone with information about serious and organised crime can contact the National Crime Agency through its official channels.

Sources National Crime Agency, Official Press Release, November 13, 2026: https://www.nationalcrimeagency.gov.uk/news/two-more-suspected-international-money-launderers-lose-55m-to-the-nca