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‘I am embarrassed by this loss’: venture capitalist Finian Tan on being duped of US$33.3 million in alleged nickel scam
Ng Yu Zhi is accused of masterminding a nickel-trading scam that attracted about S$1.5 billion
Published Tue, Apr 8, 2025 · 01:24 PM — Updated Wed, Apr 9, 2025 · 12:27 AM
[SINGAPORE] Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng Yu Zhi.
“I am embarrassed by this loss. If you ever lose in this way, it’s not something you would be proud of or want to repeat,” said Dr Tan on the stand for the third day in Ng’s trial.
He had earlier commented that the worst loss was the one due to fraud.
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