Man faces charge for helping Ng Yu Zhi leave Singapore unlawfully while under probe
A MAN is facing a charge for obstructing the course of justice, by offering to help businessman Ng Yu Zhi leave Singapore unlawfully while the latter was under investigation for fraud.
Ng, who was director of Envy Asset Management and Envy Global Trading, is currently under investigation by the Singapore Police Force over his involvement in an alleged US$1.1 billion nickel trading scam, and is facing 93 charges.
Ang Yew Teck had allegedly offered Ng plans to leave Singapore unlawfully in or around August 2021, and in doing so, committed an act that has a tendency to obstruct the course of justice, according to charge sheets seen by The Business Times.
Ng was arrested in February 2021 and first charged with cheating and fraudulent trading in March 2021. The court had heard that he allegedly raised at least S$1 billion from investors for fake deals related to nickel trading in one of Singapore's largest investment fraud schemes.
If convicted, Ang could be jailed for up to 7 years, or fined, or both.
Ang is also facing 2 other unrelated charges related to the use of illegal gambling services.
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No bail was offered to Ang, and the next court date is on Mar 11 for a Plead Guilty Mention that was fixed for his separate unrelated offending.
The Attorney-General's Chambers noted that Ang did not indicate affirmatively whether he was going to plead guilty to the fresh charges.
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