Nickel scam accused Ng Yu Zhi splurged on 20-carat diamond ring, and had ‘five families’: witness
An ex-employee of Ng’s, testifying for the prosecution, tells of the women in his life, of prepping tables of figures and sealed bags of ‘nickel’
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[SINGAPORE] Alleged nickel fraudster Ng Yu Zhi had “five families” – his wife, ex-wife and three girlfriends – one of his former employees told the High Court on Wednesday (Apr 16).
This prosecution witness, Shen Xuhuai, also testified that Ng had asked her to help him buy a 20.25-carat yellow diamond ring for US$965,000. It was not mentioned in court whether the gem was gifted.
The information on the 37-year-old accused’s private life emerged when Shen, the former general manager of Envy Asset Management, was giving evidence in the trial in which Ng is contesting 42 charges of fraudulent trading, cheating, forgery, criminal breach of trust and money laundering.
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