News Formal

34-year-old man linked to one of Singapore's biggest investment scams gets 12 more charges

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

SINGAPORE - A businessman allegedly linked to one of Singapore's biggest investment fraud schemes has been handed 12 more charges and is now accused of using more than $2.4 million of his purported ill-gotten gains for items including partial payments of two luxury cars- a Bentley Mulsanne and a Porsche Boxter. Singaporean Ng Yu Zhi, who was charged on Monday...

The Straits Times file

The 34-year-old Singaporean now faces more than 100 charges in all for offences including multiple counts of cheating. In August last year, the High Court approved the winding up of Envy Global Trading and its sister firms.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines