The Business Times
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Ng Yu Zhi

Singapore

A S$7 million Pagani supercar, a 20-carat yellow diamond, an S$8 million home: accused nickel fraudster Ng Yu Zhi shows you how to spend it

Steven Goh Ching Huat, chief executive of Ossia International, sold a blue Pagani Huayra Coupe to Ng Yu Zhi for S$7.3 million in March 2020.
Singapore

Ossia CEO sold rare Pagani supercar to Ng Yu Zhi for S$7.3 million and invested over S$20 million in billion-dollar nickel scheme

Alleged fraudster Ng Yu Zhi is accused of masterminding a nickel-trading scam that attracted about 947 investors, including Dr Tan (above), from 2016 to 2021.
Companies & Markets

‘I am embarrassed by this loss’: venture capitalist Finian Tan on being duped of US$33.3 million in alleged nickel scam

Ng faces 108 charges over offences including cheating, forgery, criminal breach of trust, money laundering and fraudulent trading.
Singapore

A S$40 million mistake: A nickel investment that went wrong for a former Envy director

Ng Yu Zhi is accused of masterminding a nickel-trading scam that attracted S$1.46 billion from 947 investors over six years.
Companies & Markets

Ng Yu Zhi trial: Defence accuses investor of caring only about revenue

Prosecutors alleged that Ng Yu Zhi’s Ponzi scheme, which promised attractive profits from nickel trading, was “pure fiction” that duped 947 investors of almost $1.5 billion.
Singapore

Two investors in Ng Yu Zhi’s Ponzi scheme ‘died because of pressure from case’: Private banker

Investigations show that Envysion's former chief executive officer and directors did not put in place appropriate risk management framework for a fund related to a nickel trading fraud case, says MAS.
Companies & Markets

Former CEO and directors of Envysion charged in relation to nickel trading fraud case

Ng allegedly attempted to sell the Bussorah Street shophouse, allegedly bought with criminal proceeds, to one Lin Jianbin in order to pocket S$500,000.
Companies & Markets

Fresh charges, US$15 million in secret funds emerge at Ng Yu Zhi’s latest court appearance

Ng Yu Zhi faces 106 charges related to a nickel trading investment scheme offered by his companies, Envy Asset Management and Envy Global Trading.
Energy & Commodities

Ng Yu Zhi handed new charge for trying to sell shophouse bought with criminal proceeds; charges rise to 106

Ng Yu Zhi leaving the State Courts in March 2022. The Singaporean businessman is at the centre of an alleged US$1.1 billion nickel trading scam.
Energy & Commodities

Ng Yu Zhi’s liquidated company to pay all GST arrears, and 60% of valid unsecured claims

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