The Business Times
business-time-50

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

2025-05-16T02:15:21.000Z
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

2025-04-25T04:40:50.000Z
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

2025-04-08T16:27:53.000Z
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

2025-04-02T00:34:15.000Z
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

2024-11-30T01:25:46.000Z
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

2024-11-29T01:05:52.000Z
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

2024-03-08T00:48:00.000Z
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

2024-02-07T03:59:55.000Z
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

2024-01-31T03:02:18.000Z
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

2023-07-18T08:56:42.000Z
Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More